Our office gets lots of questions from clients about whether converting money from a traditional IRA to a Roth IRA makes sense for them. It's a great question, because a Roth IRA has some tremendous advantages and it could make sense if you need to reduce your required minimum distributions down the road.
As Brian discusses in this episode, a move from a traditional IRA to a Roth IRA has some big pitfalls, and should only be done after consulting with your financial advisor and CPA or tax professional. A Roth conversion isn't right for everyone... and even if it is right for you, if you do a Roth conversion without the right planning and execution, you could wind up with a nasty and unexpected tax bill.
Tracking #1-918507
Music Attribution: Hopeful Start by John Bartman, License CC BY-SA 4.0 (Attribution-ShareAlike License)
