What you don't know about converting money from your traditional IRA to a Roth IRA could cost you – or your beneficiaries – dearly. Here are just three common misconceptions.
- Converting money from a traditional IRA to a Roth IRA is a sure way to reduce your federal income tax. (Not always.)
- Roth IRAs can grow tax-free forever, withdrawals are never required. (It depends.)
- Converting money to a Roth IRA has nothing to do with your Medicare or Social Security benefits. (Actually, it matters a great deal.)
Share your e-mail address below to download this free Special Report, discover exactly what's at stake, and steer clear of pitfalls. Rely on Kiplinger’s trusted advice and guidance to help you make the right moves today to minimize the tax bite and maximize your spendable savings tomorrow.
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