Roth conversions may suddenly seem like a bad idea, but here’s why retirees are still considering them
With investment accounts about to end a very good year and current tax rates unlikely to change for a while, the case for paying taxes now to convert traditional IRAs and 401 (k)s to Roth accounts is hard to make. Yet one financial-advice platform, Boldin, saw a 128% rise in the use of its Roth conversion calculator in 2024 over the previous year.