Roth IRAs are a hot topic these days. I get multiple media inquiries every week regarding the pros and cons of Roth conversions. But while they can be a great proposition for some people, for others they just aren’t a good idea.
A little background: A Roth IRA conversion is the process of moving money directly from a pretax account, such as a traditional IRA or 401(k), to a post-tax account (Roth IRA) and paying the tax bill in that year. This strategy has picked up momentum in the last few years, thanks to today’s historically low tax environment.
