TeriH
Employee Tax Expert

Business & farm

Great question.  That I struggle with myself.

Can you? sure  Should you? probably not.

There are so many factors to be considered.  Income streams (not and in retirement), cash requirements for expenses, any big expenses planned, expected life, what you plan to do with your nest egg, the taxes that will be owed when you make the conversion, how you'll pay for those taxes, and the list goes on.  


Turbotax can help you calculate the tax due on the conversion.  But, that won't answer the quesion of should you.  Most reputable financial brokerages have tools and calculators that can assist.  But if this is your first forray into roth conversions, you would probably be best served to speak with a financial advisor.

Good luck with this decision.  Roth's are a great vehicle in the right situation.

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