Roth Conversion

If your retirement strategy includes a 401(k) or traditional IRA, converting it to a Roth IRA may help you call your own shots rather than letting the IRS tell you how and when to spend your money.

When you convert your 401(k) or traditional IRA into a Roth IRA, you pay the taxes up front, which may mean that after your money has been in your Roth IRA for at least five years, your withdrawals are tax-free after age 59½. A Roth IRA may also mean no required minimum distributions and a tax-free benefit to your beneficiaries.