How To Make The Call On Converting IRAs

“Let’s see if we can soothe some of the anxiety out there about converting traditional IRAs to Roth IRAs this year.

It’s a good move for younger savers who are a long way from retirement and might well expect to be making more in retirement than they are in their late ’20s or early 30s.

It’s not a good move for savers in their 40s and 50s who are closer to retirement, have reached their peak earning years, and will almost certainly see their income drop after they retire.

Follow those simple guidelines and you’ll stand a good chance of minimizing your tax bill and maximizing your balance for these retirement accounts.

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