To Convert or Not to Convert

Are you worried about remembering to take your required minimum distributions (RMDs) each year once you hit age 73? If you’re a traditional IRA account owner, this may be just one of the reasons you’re considering a Roth conversion.

While converting can come with many benefits, such as no RMDs and a lower tax bill in retirement, it’s also not for everyone. You should ask yourself several questions to determine whether a Roth conversion is right for you.

For items to consider before converting, click here to download “To Convert or NOT to Convert in 5 Easy Steps.”

To discuss Roth conversions and learn more about ways to reduce your tax bill in retirement, contact our office at 516-294-5287 to schedule a time to visit.