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Kiplinger
Kiplinger
Business
Kimberly Lankford

Should You Convert a Traditional IRA to a Roth After 60?

Piggy bank and arrows Traditional and Roth IRA.

Converting a Traditional IRA to a Roth becomes much easier once you understand the tax implications. But, if you're 60 and older, that upfront tax bill (and the bigger RMDs you’re trying to avoid) can feel like a serious gut punch.

It's no wonder so many in this age group pause and ask themselves: Is the Roth conversion really worth it?

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