While you may have chosen to save using a traditional IRA, you do have the option to switch to tax-free retirement income. Who should consider a Roth conversion, and who should stay away? We've got your biggest questions answered.
When saving money for your retirement, there are two common options to choose from inside of most workplace 401(k) plans -Traditional 401(k)s and Roth 401(k)s. There are several distinct differences between them and choosing the best option for your situation depends on your time-frame, tax rate, and distribution preferences.