How Roth Conversions Could Fit into Your Retirement Income Strategy

As retirement approaches, many people begin focusing not only on how much they’ve saved, but also on how those savings may be taxed in the future. Roth conversion retirement planning strategies have become an increasingly common topic among retirees and pre-retirees looking to create greater flexibility around future withdrawals and tax exposure. A Roth conversion involves moving assets from a traditional tax-deferred retirement account into a Roth IRA. While the converted amount is generally taxable in the year of conversion, future qualified withdrawals from the Roth account may be tax-free under current law. Depending on your circumstances, this strategy […]