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Should I Convert 15% of My 401(k) Each Year to a Roth to Cut Taxes and RMDs?

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86% Informative

Converting retirement funds from a 401(k) into a Roth IRA offers the opportunity for tax-free growth.

Roth conversion requires paying a significant tax bill up front.

The dynamics of a shifting portfolio and income over time may make a Roth conversion inappropriate in some circumstances.

Convert a fixed percentage each year may or may not be the best approach.

SmartAsset 's free tool matches you with up to three financial advisors in your area.

You can interview your advisor matches at no cost to decide which one is right for you.

SmartAsset AMP helps advisors connect with leads and offers marketing automation solutions so you can spend more time making conversions.