Clients often consider whether it’s wise to convert their individual retirement accounts to Roth IRAs. There are pros and cons to doing so. But, for some clients, the reduced tax rates under the Tax Cuts and Jobs Act of 20171 (the Act) and other changes it made may tip the scales in favor of converting substantial amounts now.
Tax Reform Opens a Window for Roth Conversions
Middle and upper income IRA owners should consider this opportunity.