Is Now a Good Time for a Roth Conversion?
Market downturns are not fun for anyone.
They do present some opportunities:
- Buy good companies at a discount – sometimes a deep discount; or
- Convert Traditional IRA to Roth IRA money at a discount, if this is suitable for you.
Here is a short video that explains how Traditional and Roth IRAs work and why now may be a good time to convert some Traditional IRA money into Roth IRA money.
This material is being provided for information purposes only and is not a complete description, nor is it a recommendation. Unless certain criteria are met, Roth IRA owners must be 59½ or older and have held the IRA for five years before tax-free withdrawals are permitted. Additionally, each converted amount may be subject to its own five-year holding period. Converting a traditional IRA into a Roth IRA has tax implications. Investors should consult a tax advisor before deciding to do a conversion.
