Staggering Roth conversions can save money by managing taxes effectively for retirement planning.

From Yahoo Finance: 2025-05-11 08:30:00

Staggering Roth conversions can save money in the long run by managing taxes effectively. A Roth IRA offers tax benefits with no income taxes or required minimum distributions in retirement. When converting to a Roth IRA, taxes are incurred, but you can minimize them by moving assets in smaller amounts to stay within lower tax brackets. This strategy helps reduce overall tax liability. However, it’s crucial to consider the timeline of conversions and account for portfolio growth to make informed decisions. Seeking guidance from a financial advisor can provide personalized insights based on individual circumstances and goals.



Read more at Yahoo Finance: I’m 50 With $650K in a 401(k). Should I Max Out the 24% Bracket With Annual Roth Conversions?