The Best Time to Do a Roth Conversion May Surprise You

If you've spent most of your working life saving in a traditional IRA or 401(k), retirement can introduce a new kind of tax problem -- what you didn't pay the IRS earlier, you eventually have to pay later. In fact, even if you're able to manage your retirement expenses on Social Security and don't need to tap your savings, with a traditional IRA or 401(k), you don't get a choice.Once you turn 73 or 75, depending on your year of birth, you'll be forced to take required minimum distributions (RMDs) from a traditional retirement account. Those forced withdrawals could drive up your taxes and have other unwanted consequences.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool