Advisers expect more Roth conversions under SECURE Act (Investment News)

February 2, 2023

Doing Roth conversions would make passing IRAs between generations smoother, said Travis Gatzemeier, founder of Kinetix Financial Planning.

“They don’t have to worry about deploying any tax strategies to mitigate their tax liability,” he said. “It’s a cleaner transfer of wealth.”

Roth conversions also would benefit the government, which would get tax revenue more quickly than it would under IRA distributions. But the change in stretch IRA policy under the SECURE Act will upset many estate plans that were written based on children being able to hold onto IRAs for their lifetimes.

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