What are some advantages of converting my Rollover IRA to a Roth IRA?
You get to withdraw money from your Roth IRA tax-free after at least five (5) years and if you are over age 59-1/2. You will not be required to withdraw a minimum amount from your Roth IRA after reaching age 70-1/2. Thus, your money can continue to grow tax-free until you really need to access it. Your beneficiaries can inherit your Roth IRA tax-free.
Related Questions
- Can I transfer/rollover funds from an existing IRA, 401(k), 403(b), SEP IRA, Roth IRA, Keogh, to a Self-Directed IRA for the purpose of investing in real estate?
- What if I convert my Rollover IRA to a ROTH IRA but later learn that my modified adjusted gross income is greater than $100,000?
- What are some advantages of converting my Rollover IRA to a Roth IRA?
