Is a Roth Conversion Worth the Tax Bill? (Young and the Invested)
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Is a Roth Conversion Worth the Tax Bill? (Young and the Invested)
A Roth conversion—when you take money from a tax-deferred account, like a traditional 401(k) or IRA, and put it into a Roth account, typically a Roth IRA—is a financial strategy with the potential to yield significant financial benefits. Potential is the key word there. Because while a Roth conversion perfectly fits with some people's needs ...
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