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Kiplinger
Kiplinger
Business
Joe F. Schmitz Jr., CFP®, ChFC®

Why I Love Roth IRAs and Roth Conversions

Two dollar bills shaped into a heart held against the backdrop of a blue sky.

I love blueberries. I also am frugal and love saving money. Because of this, when I go to the store and blueberries are not on sale, I will not buy them. Although, if blueberries are on sale, then you know I am stocking up. My freezer and refrigerator are full during those times.

Like when I buy blueberries, taxes are “on sale” right now, and you should be stocking up by opting for Roth IRAs, Roth 401(k)s and Roth conversions. Taxes are at near-record lows, and they are only expected to go up. There is a window of time before the Tax Cuts and Jobs Act (TCJA)sunsets and tax rates revert to their previous higher levels. If you are like me and like saving money, then this tax sale will save you more money than any blueberry sale.

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