Converting portions of tax - deferred retirement accounts to Roth IRAs in the first years of retirement when income is down allows them to pay taxes on the conversion at a lower marginal rate, experts say. (rismedia.com)
The advantage of doing a Roth conversion early in the year has to do with the due date for paying tax on the conversion income. (fairmark.com)
You would pay no tax on the conversion unless the account produced earnings during the small interval of time between the contribution to the traditional IRA and conversion to a Roth. (fairmark.com)