Eight Factors to Consider When Considering a Roth Conversion

A note paper clipped to an IRS 1040 tax form with Roth IRA conversion tax strategy written on it rests next to a calculator.

Roth conversions, if done right, can lower your tax bill over your lifetime. But be careful. Roth conversions pose traps, and the unwary can easily get caught. Here are eight factors to consider in deciding whether to convert all or part of a traditional IRA to a Roth IRA.

1. Present and future tax rates