What is a Roth IRA conversion?
A Roth IRA conversion is the process of moving IRA or employer plan assets to a Roth IRA.
1. When will you need the money? If you have an immediate need for the funds or need them to continue your current standard of living, then a Roth IRA conversion is probably not for you. However, if you have no immediate need for the funds, a Roth IRA conversion is potentially a great way for the funds to grow tax-free over your lifetime.