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Is Right Now a Good Time to Do a Roth Conversion?
Manage episode 393072843 series 3428540
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Converting your traditional IRA to a Roth IRA is not a decision that should be taken lightly. While tax-free growth is always nice, sometimes the price you have to pay – mostly income taxes on the conversion – makes it not worth doing.
But for many people, right now may be the perfect time to convert their pre-tax funds into a Roth. How do you know if and when you should make the move? Are there other considerations besides having to pay taxes right now that may sway you one way or the other?
These are important questions. Find out what you need to know from podcast host Johnny Dean and “Professor” Rick Plum, CFP® on today’s episode of Managing Your Financial Future!
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