Deciding on a Roth conversion depends on your age, your taxes now compared to retirement, how much income you’ll need, and what you hope to leave to your family.

Roth Conversion Benefits at a Glance

• Grow money tax-free
• Lock in today’s tax rates
• Pay taxes upfront (without dipping into your IRA)
• Leave a tax-free inheritance

Think twice about converting a Roth IRA if:

• Higher income could raise your Medicare premiums or Social Security taxes
• You’re already in a high tax bracket
• You’ll need the money in the next few years