Should I Consider Doing A Roth Conversion?
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There are a lot of important considerations to weigh before doing a Roth conversion.
As a result of the current market condition and changes due to the SECURE Act, Roth conversions are becoming an important strategy that investors could consider when asking “Should I convert to a Roth account?”.
This flowchart addresses some of the major decision points to help guide you through the conversation.
This flowchart covers:
- Changes in marginal tax rates for clients (or their heirs)
- Ability to pay the associated tax with cash outside the retirement account
- Five-year rule implications
- Impact of income-based programs (IRMAA)