Should you convert your balance to a Roth IRA?
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Description
Abstract: An individual with a big balance in a traditional IRA may want to convert some or all of it to a Roth IRA. This article outlines the benefits and tax consequences of such a move and warns that, starting in 2018, Roth IRA conversions are irrevocable. A sidebar discusses the “pro-rata rule,” which treats all traditional IRA funds transferred to a Roth IRA as a single account.
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