3 Questions to Ask Before Doing a Roth Conversion
Before moving forward, make sure you're being strategic.
Overview
If you like the idea of tax-free retirement income and don't want to deal with the hassle of required minimum distributions (RMDs), a Roth conversion may be worth pursuing. With a Roth conversion, you convert a traditional retirement account balance to a Roth IRA. It's a strategy that works well for many retirees, but it's important to go about Roth conversions carefully -- and make sure they're right for you.
With that in mind, here are three questions to ask yourself before doing a Roth conversion.
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Originally published at www.fool.com.
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