John Sullivan breaks down the benefits of a Roth conversion in his article. A big benefit of converting an IRA to a Roth IRA is that Roth accounts can serve as a wealth transfer vehicle in an estate plan.
Key Takeaways:
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Converting a traditional IRA to a Roth IRA can result in greater after-tax wealth because you are essentially “pre-paying” the income taxes for your beneficiaries.
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Evaluate your current and future tax rate to see if a conversion will be beneficial for you
Read more here:
https://401kspecialistmag.com/401k-fundaments-convert-roth-ira/
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