Should I Consider Doing a Roth Conversion?
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 many investors should consider. This flowchart addresses some of the major decision points to help guide you through making the right decision.
This flowchart covers:
Changes in marginal tax rates for individuals (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)
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