Why Tax Cut Extensions May Not Last and What Advisors Should Do

David McKnight, president and founder of Power of Zero, explains how extending the 2017-era tax cuts through the “One Big Beautiful Bill Act” could create a false sense of permanence, and why planning should assume higher rates by the mid-2030s. 

Heavy reliance on tax-deferred 401(k) and IRA savings can magnify exposure to future rate changes. McKnight highlights Roth conversions as a potential strategy to pay taxes at today’s historically low rates and reduce future tax uncertainty, especially for financially successful households drawn to current tax deductions. 

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