Should I Consider Doing A Roth Conversion?

There are a lot of important considerations to weigh before doing a Roth conversion.

As a result of the current market condition and changes due to the SECURE Act, Roth conversions are becoming an important strategy that investors could consider when asking “Should I convert to a Roth account?”.

This flowchart addresses some of the major decision points to help guide you through the conversation.

This flowchart covers:

• Changes in marginal tax rates for clients (or their heirs)
• Ability to pay the associated tax with cash outside the retirement account
• Five-year rule implications
• Impact of income-based programs (IRMAA)