Converting a portion of an IRA to a Roth IRA is complex process that involves many moving parts and can have some unintended consequences if not properly handled, including a possible impact on Medicare premiums two years after the conversion.
To help make this easier, we have created the “Will My Roth IRA Conversion Be Penalty Free? flowchart. It addresses common issues that occur when doing a Roth conversion:
Updated for 2020