The Roth IRA: Should you convert?
Abstract: Starting in 2010 anyone, regardless of income, can convert a traditional IRA to a Roth IRA. But even though this may present a golden opportunity for many taxpayers, it’s not right for everyone. From an income tax perspective, whether it makes sense to convert to a Roth IRA depends on whether the taxpayer is better off paying the tax now or later. It also depends on whether one needs to tap their IRA funds during retirement for living expenses; if not, Roth IRAs can make ideal estate planning vehicles. A sidebar lists several specific factors that may indicate whether one should or should not make the conversion.