You may have heard that a Roth conversion can be a smart retirement planning strategy. In some cases, that may be true.
But a Roth conversion is not automatically right for every household.
A Roth conversion can affect your taxable income, Medicare premiums, cash flow, retirement account balances, required minimum distributions, and legacy planning. That is why the decision should be reviewed in the context of your full financial picture, not based on a rule of thumb or a single tax-year estimate.
This guide is designed to help you understand the key questions to ask before deciding whether a Roth conversion may fit your retirement plan.