Should I Consider Doing A Roth Conversion?

There are a lot of important considerations to weigh before doing a Roth conversion. As a result of the current market condition and changes due to the SECURE Act, Roth conversions are becoming an important strategy. This flowchart addresses some of the major decision points to help guide you. This flowchart covers:

  • Changes in marginal tax rates (or their heirs)

  • Ability to pay the associated tax with cash outside the retirement account

  • Five-year rule implications

  • Impact of income-based programs (IRMAA)

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Robert J. Pyle, CFP®, CFA, AEP® founded Diversified Asset Management, Inc., in 1996 to provide personalized, comprehensive wealth management services to successful individuals, families, single women, and business owners. His specialty is addressing the complex financial needs of self-employed professionals, corporate executives, and small-business owners. Our disclosure can be found here. The views, opinion, information, and content provided here are solely those of the respective authors, and may not represent the views or opinions of Diversified Asset Management, Inc. Diversified Asset Management, Inc. cannot guarantee the accuracy or currency of any such third party information or content, and does not undertake to verify or update such information or content. Any such information or other content should not be construed as investment, legal, accounting, or tax advice.

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Will My Roth IRA Conversion Be Penalty Free?

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