A Window of Opportunity: An Optimal Environment for Roth Conversions

The fallout from COVID-19 will likely result in lower incomes for millions of Americans this year. In addition, many individuals have experienced a sharp decline in their retirement plan balances. While never sought after, such outcomes do present a unique, long-term planning opportunity. Those affected can enhance tax efficiency and accumulate wealth by converting a portion of a traditional retirement plan to a Roth 401(k) or Roth IRA.

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