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Tax Planning, General

Should I Consider Doing A Roth Conversion?

Updated 12/1/2023

There are a lot of important considerations to weigh before doing a Roth conversion.  As a result of the current market condition and changes due to the SECURE Act, Roth conversions are becoming an important strategy that advisors are discussing with their clients.  This flowchart addresses some of the major decision points to help guide clients through the conversation.  This flowchart covers:

  • Changes in marginal tax rates for clients (or their heirs)
  • Ability to pay the associated tax with cash outside the retirement account
  • Five-year rule implications
  • Impact of income-based programs (IRMAA)
Related Guides
Is The Distribution From My 529 Plan Subject To Federal Income Tax?
Category: General, Tax Planning
Can I Do A Net Unrealized Appreciation (NUA) Distribution?
Category: Working / Accumulation Phase, Tax Planning, Assets and Investment Planning
Can I Do A Qualified Charitable Distribution From My IRA?
Category: Working / Accumulation Phase, Retirement / Decumulation, Tax Planning, Estate Planning, Assets and Investment Planning, General
Can I Delay Distributions From The Traditional IRA I Inherited?
Category: Retirement / Decumulation, Tax Planning, Assets and Investment Planning
Can I Avoid Taking My RMD After Reaching My Required Beginning Date (RBD)?
Category: Retirement / Decumulation, Tax Planning, Assets and Investment Planning, Life Events
Will A Distribution From My Roth IRA Be Tax And Penalty-Free?
Category: Retirement / Decumulation, Tax Planning, Assets and Investment Planning
Will A Distribution From My Traditional IRA Be Penalty-Free?
Category: Retirement / Decumulation, Tax Planning, Assets and Investment Planning
What Will Have The Least Tax Impact: Harvesting Capital Gains Or Roth Conversions?
Category: Tax Planning, Assets and Investment Planning

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