Personal Finance
Friday, 7/3, 08:46 PM
What Is a Roth Conversion? Paying Tax Now to Save More Later
- A Roth conversion moves money from a traditional retirement account into a Roth — deliberately triggering a tax bill today in exchange for tax-free growth and withdrawals later.
- Done at the right time it's powerful; done at the wrong time it's an expensive mistake.
- Here's the logic.