Published News

Roth conversion tax impact 4

https://freeretirementplanningfinder.nexorafield.com/posts/why-free-retirement-planning-tools-are-worth-your-time

A Roth conversion means moving pretax retirement funds into a Roth IRA, and the big tax impact is that you owe ordinary income tax on the converted amount in the year you do it. That can be a painful upfront bill, but from then on, all future growth and withdrawals are completely tax-free. It's especially smart if you expect higher tax rates later or want to leave tax-free money to heirs.