Roth IRA Conversion

With a traditional IRA, you have to pay taxes on the money your investments earned—and on any contributions you originally deducted on your taxes when you take withdrawals during retirement. However, with a Roth IRA, as long as you meet certain requirements, all of your withdrawals are tax-free. Deciding whether to convert to a Roth IRA depends on issues like your tax rate now versus later, the tax bill you'll have to pay to convert, and your future plans for your estate. Learn more about the benefits of a conversion and how to convert with this infographic.