Converting to a Roth IRA

The chapter explores the concept of converting a traditional retirement account to a Roth IRA, including the option of a backdoor Roth IRA for high earners. It highlights the prorata rule and how it can impact tax liabilities when converting to a Roth IRA, using a real-life example to illustrate potential complications. The chapter also emphasizes the importance of considering all retirement accounts to understand the overall tax implications of the conversion.