"the tax paid on the conversion will reduce the amount of your retirement savings immediately and therefore the amount of earnings on those reduced savings in the future. "
The tax on a Roth IRA once established is zero whereas the tax on a Traditional IRA can be 40% or more, which also kicks in IMRAA surcharge.
Zero tax on retirement income also means zero tax on Social Security income.
My niece is in the 12% bracket and is converting her Inherited IRA to a Roth IRA over time.
The Roth IRA in one year is already up 16% over contributions.
@eswilliams12
