Pre-Retirees To Convert To IRAs More Often
As a result, if you're nearing retirement or already retired, that makes this a good time to consider converting a traditional individual retirement account into a Roth IRA.
Here's a short lesson on a long-term tax bracket management strategy to increase tax-efficiency in a retirement portfolio, and it sidesteps a new snag in the Tax Cut And Jobs Act that penalizes widows.
A Roth IRA is different. You pay income tax up front and Uncle Sam promises tax-free withdrawals when you're retired.
© 2019. All Rights Reserved.