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Roth IRA: How a well-timed conversion could yield sweet tax savings for retirees

If you are a retiree with a traditional 401(k) or IRA, there may be a window of opportunity for you to convert a significant portion to a Roth IRA tax-free. You can take advantage of this Roth IRA conversion if you’re not working, not yet living off your retirement savings, and not yet drawing Social Security.  Baby boomers are now retiring at an unprecedented rate. As a retiree, there may be a window of opportunity for you to convert a significant portion of your IRA or 401(k) to a Roth IRA tax-free. First, let’s revisit the advantages of a Roth IRA conversion:…Read More

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