A closer look Do Roth IRA Conversions Still Make Sense?

Michael S. Rubin

Jul 13, 2021

In Brief

Converting from a traditional IRA to a Roth IRA can offer wealthy individuals a tax-efficient way to leave greater wealth to heirs.
While the sizeable up-front tax bill may be an impediment, the benefits of tax-free distributions for beneficiaries in most cases will significantly outweigh the costs, especially over time.
With tax rate increases likely for wealthy individuals, holders of traditional IRAs may want to consider converting before tax laws change.

Managing Director and Director of Client Tax Services