In this edition of our Motley Fool Conversations series, Fool personal finance expert Dayana Yochim and retirement planning analyst Dan Caplinger discuss whether converting traditional IRAs and 401(k) plans to their Roth counterparts is a smart move. Although you pay taxes up front on a conversion, the payoff is that you never have to pay taxes on your Roth assets again -- even when you take withdrawals during retirement.

BING NEWS:
  • Roth Conversions for a $900K IRA at 55: Should You Start Moving $100K Annually?
    At age 55 with $900,000 in a traditional individual retirement account (IRA), converting $100,000 per year to a Roth IRA could help reduce required minimum distributions (RMDs) and related taxes in ...
    12/18/2024 - 11:00 pm | View Link
  • Traditional Vs. Roth IRA: Is Now the Time to Make the Switch?
    Discover the potential benefits of converting your traditional IRA to a Roth IRA. Learn how this strategic move could help you achieve tax-free growth and secure your financial future in retirement.
    12/17/2024 - 6:30 am | View Link
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