Bear markets are no fun (for anyone). They are stressful and can often cause investors to question even their best laid financial plans. But what we like to focus on in a downturn isn’t all the doom and gloom, but rather how we can take advantage of these down markets to position your portfolio for even better returns in the future. You see, market downturns create some favorable tax planning opportunities, including the ability to strike while the iron is hot on discounted Roth conversions.