A Model Retirement Plan Spitball Analysis - 387
Your Money, Your Wealth
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Is It a Good Idea to Convert Retirement Accounts to Roths?
My wife has roughly forty thousand dollars in a regular iron account. I'd like to start converting her retirement accounts to roths to avoid future taxes. We plan to live on cash this year and next all of her income goes into retirement accounts and help insurance. Should i do the contributions now? Or wait until the end of the year to do the contribution and conversion so that the ira contribution is taxed deductable? Or does it matter? Sorry if that's a dumb question. Nobody's non i think so.
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