Reported 1 day ago
Deciding to convert tax-deferred retirement savings to a Roth account can provide tax-free growth and withdrawal options, enhancing financial flexibility in retirement. However, this choice can be complex and may not suit everyone. Factors like expected income growth, ability to cover immediate tax bills, potential tax increases in retirement, market conditions, income sources during retirement, and legacy goals should be carefully evaluated. Consulting with a tax adviser can help clarify the best route for your situation.
Source: YAHOO