Wealth Wednesday: Converting Your IRA to a Roth IRA: Here is what you need to know
Retirement FundingShould you convert your IRA to a Roth IRA? The longer-term benefits make this an idea worth your consideration. But there are some things you need to think about before you do it. In this episode we talk about:
- The basics of the conversion process
- The key factors in your decision
- Potential pitfalls of a Roth Conversion
- Some general guidelines of when a conversion makes sense
- Special situations for Roth Conversions
- What you need to analyze your decision