Roth Conversion

Learn about Roth conversion strategies and their impact on estate planning, taxes, and beneficiaries. Discover how converting traditional IRAs affects inheri...

What is a Roth conversion and how does it work?

A Roth conversion involves moving funds from a traditional IRA or 401(k) to a Roth IRA, where you pay taxes now on the converted amount. After conversion, the funds grow tax-free and beneficiaries can inherit without owing income taxes on withdrawals. This strategy can help reduce future tax burdens on your estate and heirs.