Roth IRA Conversion Sweet Spot

Many taxpayers are benefiting from the lower income tax rates generated by The Tax Cut and Jobs Act of 2017. But, those tax rates are scheduled to expire at the end of 2025, and a newly elected Congress might end them even sooner. Is there a way for taxpayers to lock in today’s low income tax rates for income that they’ll receive in future years? Yes. It’s called a Roth individual retirement account conversion.