IRA/RothIRA
What, if anything, would be the advantage of converting an IRA to a RothIRA? Thanks, Joanna
Re: IRA/RothIRA
What, if anything, would be the advantage of converting an IRA to a RothIRA? Thanks, Joanna Advantage: IRA withdrawals are taxable income, Roth IRA withdrawals are tax free. Disadvantage: The entire balance transferred in the conversion counts as taxable income in the year