This Could Be Your Most Powerful Tool When Doing a Roth Conversion
It's a way to make the process even smoother.
This Could Be Your Most Powerful Tool When Doing a Roth Conversion
Overview
If you don't like the idea of being taxed on your retirement plan withdrawals or having to take required minimum distributions (RMDs), then you may want to consider doing a Roth conversion rather than leave your money in a traditional IRA or 401(k). A Roth conversion lets you move funds from a taxable retirement account to a Roth IRA.
Once your money lands in a Roth IRA, you get to enjoy tax-free gains and withdrawals. And you won't have to worry about taking RMDs, either.
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Originally published at www.fool.com.
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