Who's converting to Roth IRA?

bee

Roth conversions during market pullbacks is a good strategy. Having over a year to recoup these "paper losses" before taxes are due in April 2021.

There’s no perfect time, of course, but financial experts agree that a down market can be appealing.

That’s because when you convert to a Roth, you’re moving money from a pre-tax account to a post-tax account, creating a taxable event. You have to pay taxes on that money that you’re converting now (as opposed to later in life, if you left it in the traditional IRA), based on your ordinary income tax bracket. The “cost” of converting when the market is down, then, is less .

https://twocents.lifehacker.com/should-you-convert-to-a-roth-during-a-down-market-1831872208

Mark

That would be me.