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Should You Convert Your Traditional IRA to a Roth IRA?

The consensus view is that the conversion route should be considered by taxpayers who:

  • have a number of years to go before retirement (and are therefore able to recoup the dollars that are lost to taxes on account of the conversion);
  • anticipate being taxed in a higher bracket in the future than they are now; and
  • can pay the tax on the conversion from non-retirement-account assets (otherwise, there will be a smaller buildup of tax-free earnings in the depleted retirement account).

Please contact one of our Roth IRA Experts at 800-472-0646 for more information.

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Posted in IRA Category