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Ask an Advisor: I Have $1.4 Million in IRAs. Can I Convert $160k/Year to a Roth to Save on RMDs Later On?
I am 70 and I have $1.4 million in traditional IRAs. Is it best to do $160,000 in Roth conversions for the next 1-3 years to reduce my high RMDs in about 5-10 years? That would put me in the 24% tax ...
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I’m in the process of transferring my 401(k) but I keep hearing about Roth IRAs – should I do that instead?
Key Points Roth IRAs offer a world of benefits over traditional retirement plans. Converting a traditional 401(k) plan to a ...