To Roth or not to Roth?

3bm103
Sat, 12 Dec 2009 17:12:22 +0000

Both my H and I think it makes sense to wait until we’re 59 1/2 to convert to avoid the penalty

There is no penalty to convert from an IRA to a Roth at any age.

I think it makes a lot of sense to do it in 2010 if you can afford to pay the tax. The market is down right now and the tax rates are probably as low as they’re going to be for a long while. Convert now and pay the tax and the account will grow tax free forever.