Unlike with traditional IRAs, Roths do not provide tax savings, so anyone converting such funds to a Roth must pay federal income taxes on the amount converted.

Ptak: Wanted to switch gears and talk about IRA conversions. We’ve also been hearing more about converting traditional IRA balances to Roth in this year’s down market. Before we get into why this ...

The key benefits of converting a traditional IRA or 401(k) to Roth are tax-free growth and there's also flexibility in terms of being able to access, whether it's contributions or converted dollars, ...