Roth Conversion Risks Income Drop
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Roth conversionsGOBankingRates
•Business
Business & Economics
If you expect your income to drop in retirement, don’t do a Roth conversion
73% Informative
A Roth conversion can be the right thing for some retirees, or soon-to-be-retirees, to do.
Finance experts suggested 10 times you should not do a Roth conversion.
Roth conversions are best timed during low-income years, such as after retirement but before Social Security benefits begin.
A Roth conversion needs time in order to break even due to the large payout in taxes when the conversion takes place.
The best way to find out if a Roth conversion is right for you is to talk with a fiduciary financial advisor.
Some final considerations for holding off on a conversion because it won’t be worth the taxes, according to Carey .
VR Score
72
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73
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56
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informal
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English
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long-living
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11
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