A Roth IRA conversion requires paying taxes on the portion of your IRA or 401(k) that you convert, but that money can grow income tax-free for the rest of you and your spouse’s lives. The advantage of a tax-savvy long term Roth IRA conversion is often measured in the millions. The real eye-opener is that Roth IRA conversions are great for older IRA owners, regardless of the benefits to future generations.
The Roth Revolution addresses the following topics clearly and objectively:
• Whether, how much, and when to convert
• Costs and benefits of a Roth IRA conversion
• Advice for taxpayers in each income tax bracket
• The impact of future tax increases
• Synergy of delaying (or returning) Social Security and Roth IRA conversions
• Combining charitable gifts and Roth IRA conversions
• Tax-free conversions of after-tax dollars in IRAs and retirement plans