Roth IRA Conversion vs. 401(k) Conversion

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Roth conversion strategy

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Roth conversion

SmartAsset

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Business

Business & Economics

I'm 58 With $1.7 Million in My 401(k). Should I Start Converting 10% per Year to a Roth IRA Now to Avoid RMDs and Taxes?

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81% Informative

Transferring retirement savings from a 401(k) or similar tax-deferred account to a Roth IRA can help keep you from having to make taxable withdrawals by the time your reach your mid 70s .

Roth conversions come at a cost, however, because the converted amounts will be treated like ordinary income on your current tax return.

SmartAsset 's free tool matches you with vetted financial advisors who serve your area.

A conversion strategy based converting just enough funds to lift your income the top of your current or the next-highest tax bracket is likely to make more sense.

SmartAsset AMP helps advisors connect with leads and offers marketing automation solutions so you can spend more time making conversions.

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