Key Points Roth conversions let you move funds from a traditional retirement account to a Roth IRA. They're a good way to enjoy tax-free retirement income and avoid required minimum distributions. Before you do a conversion, make sure it's a tax-efficient move. The $23,760 Social Security bonus most retirees completely overlook › There's a reason Roth conversions are often touted as a smart retirement strategy. A Roth conversion allows you to move funds from a traditional IRA or 401(k) plan to a Roth IRA. From there, you get to enjoy all of the benefits that come with a Roth. That means your money gets to grow tax-free, you can take tax-free withdrawals, and you won't be subjected to required minimum distributions (RMDs). Missed AI’s "Act 1"?
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