Vanguard Financial Advisor Jessica McBride discusses the pros and cons of converting a traditional IRA to a Roth IRA during market uncertainty. You can learn more about market volatility here: ... ( read more )
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Roth Conversions and Volatility: An Ideal Strategy for retirement planning When it comes to retirement planning , Roth conversions have gained popularity due to their potential tax advantages. A Roth conversion refers to moving assets from a traditional individual retirement account (IRA) to a Roth IRA. The main benefit of this strategy is that it allows retirees to convert their retirement savings to a tax-free growth and tax-free withdrawal investment vehicle. However, one crucial factor that often gets overlooked in Roth conversions is market volatility. Volatility refers to the fluctuation i
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