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Roth Conversions are Taxable1 min read
If you convert a traditional IRA to a Roth, there’s a price to pay. Converted amounts attributable to tax-deductible contributions, plus all of the earnings, are taxable at ordinary income rates. To lessen the tax burden, you may choose to convert only a part of your IRA to a Roth. You can convert as much as you like, or you can convert some each year if that seems advisable.
To discuss your best course of action, please contact Simons Bitzer at (317) 782-3070.
By Simons Bitzer
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