Should You Consider a Roth Conversion While the Market is Down?

07-13-2022Retirement

While few people like the stock market declines we are experiencing.  There are some bright spots and opportunities.  Should you consider converting a traditional IRA to a Roth during a down market?

Traditional IRAs are pre-tax dollars.  While the money grows in the Traditional IRA tax-free; at distribution, you are taxed at your ordinary income tax rates.  A Roth IRA invests post-tax dollars.  Assuming you meet certain criteria, all Roth IRA distributions are income tax free.

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