Roth Conversion, Now’s the Time!

Jun 6, 2023
Est. Read Time: 2 minutes

Do you have an IRA? Have you ever considered a Roth Conversion?


You might already know the advantages of converting to a Roth IRA. After age 59.5, all distributions are income-tax-free. An added bonus, your heirs receive the same income-tax-free treatment when they take distributions.

Taxable Event

What might keep you from making a Roth conversion? A Roth conversion is a taxable event. However, the Coronavirus may just change your point of view about delaying a Roth conversion.

Coronavirus Bailout

The bailout packages have cost the government trillions of dollars. Do you think this will be the only bailout package that comes out of Washington as a reaction to the virus? Probably not. With the above in mind, the question that smart investors are asking, “How will the Federal Government fill the multitrillion hole the Virus will leave behind?” You are right! The Government must raise our income taxes. This means income taxes on IRA distributions could be higher in the future. ALL EXCEPT FOR THE OWNERS OF A ROTH IRA.

In Conclusion

2020, may be the last year of the Trump “Income Tax Sale”. If you have ever considered a Roth conversion, this may be your best opportunity to beat an inevitable income tax increase.


For information about the Self Directed IRA or Solo 401k, call IRA Club at 312-795-0988


Be advised that IRA Club does not evaluate, review, monitor, recommend, warrant, guarantee or otherwise endorse the legality, tax treatment, propriety, performance or reliability of any investment, service, statement, opinion or other representation provided with respect to the investment opportunities listed on its site or their sponsors or providers. IRA Club has no financial arrangement, partnership, joint venture, or other affiliation with the sponsors or providers of these investments. IRA Club shall not be liable for any misinformation, misrepresentation, negligence, act, omission, investment results, or any wrongdoing with respect to any of these investments or their sponsors or providers.

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