With Market Slump, Time to Convert to a Roth IRA?

In a recent BankRate.com article, Greg McBride suggests that the recent slump in financial markets may present an opportunity for investors to convert to a Roth IRA. A Roth IRA can be tapped tax-free in retirement, and unlike your 401(k) or a traditional IRA, there are no required distributions beginning at age 70 1/2. Many…

 

Is the Time Right for a Roth IRA Conversion?

According to┬áThinkAdvisor, the recent market downturn has presented an opportunity for those considering converting to a Roth IRA. Why Convert in a Downturn? The primary reason to consider converting a traditional IRA to a Roth IRA in a market downturn involves the tax savings that such a move can generate. When you convert to a…