A Roth conversion moves money from a traditional IRA or 401(k) into a Roth IRA. You pay ordinary income tax on the converted amount in the year of the conversion, but all future growth and qualified withdrawals are tax-free. The strategy is likely to be most valuable when your income is temporarily lower — such as during the notch years between retirement and required minimum distributions — because you may convert at a lower tax rate than you paid during your working years.
We exist so you don’t have to worry about money. For more than 40 years, we’ve taken the sophisticated, time-tested approach that many ultra-high net worth individuals use to help manage their financial lives and made it accessible to more families.
