Ask These 2 Questions to Make Sure Your Roth Conversion Doesn't End Up Backfiring
If you're going to do a conversion, you want it to make sense.
Overview
There's a reason Roth conversions are often touted as a smart retirement strategy.
A Roth conversion allows you to move funds from a traditional IRA or 401(k) plan to a Roth IRA. From there, you get to enjoy all of the benefits that come with a Roth. That means your money gets to grow tax-free, you can take tax-free withdrawals, and you won't be subjected to required minimum distributions (RMDs).
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Details
Source
Originally published at www.fool.com.
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