What is a Roth conversion?

A Roth conversion is the process of moving assets from a tax-deferred retirement account, such as a traditional IRA, into a tax-exempt Roth IRA. This typically involves paying income tax on the converted amount in the year the transfer occurs.

Why would someone consider a Roth conversion?

A Roth conversion may be beneficial if you expect to be in a higher tax bracket in the future or if you wish to provide tax-free assets to heirs. Because the tax is paid upfront, future growth and qualifying distributions are generally tax-free.

Are there income limits for Roth IRA conversions?

There are no income limits for performing a Roth conversion, but the converted amount is treated as taxable income, which could potentially push you into a higher tax bracket for that year.

Should You Consider a Roth Conversion? | Perissos Wealth

Have you ever thought about converting a portion of your Traditional IRA to a Roth IRA.

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Should I Consider Doing a Roth Conversion