Should I Convert to a Roth IRA?
We’ve been asked this question many times over the years and one would think it would be a pretty straight forward response—Yes or No.
Like all great questions, before it can be sufficiently answered, you will need to begin by asking the right questions. Answering these questions, will help determine if converting a Traditional IRA to a Roth IRA would make sense. Each scenario is different and what works in one case may be completely inappropriate for another.
Let’s look at these questions and a couple of scenarios: