Roth Conversion: Should You Convert Your Retirement Funds?
WKBT April 26, 2021 9:22 AM Carla Fried - Forbes Advisor Posted: Updated: April 26, 2021 3:16 PM The more you’ve managed to save in a traditional individual retirement account (IRA) or a traditional 401(k), the more you might want to consider a Roth conversion. Why a Roth conversion? There are a few good reasons, chief among them managing taxes and RMDs: Withdrawals from Roth accounts in retirement are entirely tax free, and there are zero required minimum distributions (RMDs) once you reach 72. Mind you, there’s no free lunch, and you’ll generally owe ordinary income taxes on...
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