Does the Roth conversion make sense for you?
I am not a wealth manager or retirement planner but I do have a passion for personal finance and as I’ve mentioned before on this blog I am currently enrolled in an Executive Certificate in Financial Planning class at the University of Portland Pamplin School of Business.
I am currently in the middle of our retirement planning module learning about qualified benefit plans, IRA’s, 401(k)s, etc.. One of the big questions in the retirement planning community this year is whether or not it makes sense for a traditional IRA owner to convert their account to a Roth IRA.
In the past this option was only available to households with adjusted gross income’s <$100,000. However, this year it’s available to anyone.
The NY times published a good summary of the decision making process here. By coincidence, my investments module professor is quoted near the end of the story.
If you are thinking about converting I would encourage you to read the article.