Leaving money in a traditional IRA means it grows tax-deferred, but withdrawals are taxed as ordinary income and RMDs begin at age 73. A Roth conversion moves that money into a Roth account where it grows tax-free, has no RMDs during your lifetime, and passes to heirs tax-free. The trade-off is paying taxes now rather than later, which makes sense when your current rate is lower than your expected future rate.
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.
