Why Should I Consider A Roth IRA Conversion Right Now?Retirement Funding Insights Financial Planning
With historically low tax rates, market volatility, and future tax increases, this video explores the potential advantages of a Roth IRA conversion. If converting a Traditional IRA to a Roth IRA, you will owe ordinary income taxes on any previously deducted Traditional IRA contributions and on all earnings. A conversion may place you in a higher tax bracket than you are in now. Because Roth IRA conversions may not be appropriate for all investors and individual situations vary we suggest that you discuss tax issues with a qualified tax advisor.