Retirees Are Overlooking a Powerful Roth Conversion Opportunity
It could be the smoothest way to move that money over.
Retirees Are Overlooking a Powerful Roth Conversion Opportunity
Overview
If you spent many years saving for retirement, you may finally be gearing up to start enjoying your money. But if you don't need everything you've saved, you may want to withdraw from your IRA or 401(k) minimally to keep your tax bill low and preserve more of a legacy for your loved ones.
Once required minimum distributions (RMDs) kick in, that becomes harder. Those forced withdrawals can not only whittle down your retirement account balance, but also leave you with higher taxes than you want to pay.
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Details
Source
Originally published at www.fool.com.
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