One thing that many people would agree on is that paying no taxes is better than paying any taxes at all. This makes the tax-free nature of Roth IRA withdrawals very attractive, as long as all of the specific rules are met.
Of course, there's a cost to getting money into a Roth IRA. Whether it's via a contribution or a conversion, a Roth can only accept post-tax money. Thus, you have to consider whether paying the taxes on the money now is worth the ultimate result of tax-free later.
What are the costs and benefits of Roth IRAs? Find out from podcast host Johnny Dean and his guest, "Professor" Rick Plum, CFP® on this week's episode of Managing Your Financial Future!
