Roth Conversion Secrets: The 5 Biggest Mistakes IRA Millionaires Make…and seven questions to determine if you’re leaving a fortune at the doorstep of the IRS

by Craig Wear

The subject of converting your IRA savings into Roth IRAs seems to be very controversial - and it shouldn't be. The established paradigms about when to convert and how much to convert are almost as useless as the popular opinions about which tax bracket one should convert into. And these false beliefs lead to several mistakes when doing Roth conversions.

After nearly four decades as a financial advisor, and more than thirteen years of specializing in Roth conversions, the author wants to reveal the biggest mistakes that are made and offer specific education to help the reader determine if they would benefit from conversions. The book is as much a ‘how to’ guide as it is a collection of real life stories that illustrate the power of getting Roth conversions ‘right’.

Genres: Taxation

103 pages, Kindle Edition

Published September 28, 2022

Reviews

[Brian R Hillberry · Rating 2 out of 5]

It's a lot of fluf that ends as an advertisement for his company.

He explains a lot of considerations when deciding a roth conversion strategy but provides no details on how to calculate it. In the end he advises you not to do it and recommends his company. He should pay you to read his book. Thank goodness I did not buy this book.

[litldannyh · Rating 5 out of 5]

Excellent information

I have used Roth Conversions to make us tax free for the rest of our lives.
Best possible way to take advantage of a Bear Market drawdown.
Pay tax on the seed, not the harvest.
The PreTax traditional IRA is a ticking time bomb...that encourages you to defer taxes on the seed, only to pay tax on both the seed & the harvest forever in retirement. And our current "discounted" tax rates are going up in 2026 if not sooner.

[Carrie · Rating 5 out of 5]

if only Roth were offered sooner

As a life 401k contributor, this is shocking. They are only now capping the HCI’s from excess deferred taxes and forcing the catchups to Roth’s. This should be capped at 15% for all. The cliff that is hiding in the RmD’s is going to hurt the average Joe after 75 and devastate heirs!

[PETER SANTEUSANIO · Rating 5 out of 5]

GREAT BOOK

This book provides a comphrehensive understanding of why one should consider converting ones IRA/401K to a Roth. It’s not a simple decision and the book lays out the factors in clear conscise detail.

[Kim Benouski · Rating 2 out of 5]

This could be a pamphlet instead of a book. There's a lot of unnecessary info and then it's almost more like an advertisement because he doesn't tell you how to do it but just to use his company. Lol.

[Kristin Merritt · Rating 4 out of 5]

This book was very good. A lot of good information for considering the pros and cons of Roth Conversions and how to do them effectively.

[Divyesh Sheth · Rating 3 out of 5]

This is nothing but a sales pitch for financial services the author sells. It has some decent advice and examples, however it lacks details and specifics.