I love the Roth IRA.
If I could wrap them up and give them away as birthday gifts, I would probably do it.
Scratch that. I would definitely do it!
As much as I love the Roth IRA’s you would think that I would be all about converting your traditional IRA’s and old 401k’s to them, right?
Unfortunately, doing a Roth IRA conversions is not a total black and white decision. In fact, there are have been several instances for I suggested that clients don’t do a Roth IRA conversion.
To better understand if a Roth IRA conversion is best for you, we have to understand the rules first. Here’s a look at at the IRA to Roth IRA conversion tax rules.