Key Points A Roth conversion could set you up with tax-free retirement income. It's also a good way to avoid required minimum distributions. Before doing a Roth conversion, make sure you're not creating a tax bomb or costing yourself money needlessly. The $23,760 Social Security bonus most retirees completely overlook › There's a big downside to having money in a traditional IRA or 401(k). Not only are distributions from these retirement plans taxable, but you'll eventually have to take funds out of your account even if you don't want to. Once you turn 73 or 75, depending on the year you were born, required minimum distributions (RMDs) begin. Those could be a huge tax headache if they're substantial. Missed Nvidia in 2009?
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