When Is It Prudent to Convert to a Roth IRA?
It can make sense to convert to a Roth IRA if your tax bracket today is going to be lower than your tax bracket in the future. What we find is that there can be good opportunities in your early career (depending on your income) or in the early stages of retirement before you become subject to mandatory withdrawals. Converting to a Roth IRA may not make as much sense for professionals in their peak-earning years as they are likely in a higher tax bracket than they will be in retirement.
Do You Have More Questions for Agili?
If you have more questions about Agili, we’d love to talk. Or you can review our Frequently Asked Questions.
Let’s talk!