Roth Conversion

A Roth Conversion is a decision to convert an existing tax-deferred Individual Retirement Account (IRA) or 401(k) into a tax-free Roth IRA. The amount converted is treated as ordinary income. This is a way to strategically “pre-pay” your taxes on your IRA. Before making the decision it is wise to weigh both the benefits and costs of a Roth Conversion:

A Roth IRA is Beneficial because:

A Roth IRA is Likely not Beneficial if: