Considerations for a Roth IRA conversion
- Roth IRAs have no distribution requirements.
- You may potentially reduce or eliminate the taxes your beneficiaries will have to pay after inheriting.
- When converting to a Roth IRA, a key consideration is whether to pay taxes now in order to provide tax-free income potential in the future.
For assistance, call 877-200-5503.
Are you moving money from another source?
Roll over a 401(k)
A rollover IRA is one of several options to consider for your former workplace retirement plan, such as a 401(k).
Convert a Traditional IRA to a Roth IRA
A Roth IRA offers many advantages over a Traditional IRA like tax-free withdrawals if you need them.
Transfer an existing IRA
To simplify your finances, you can consolidate assets by transferring an existing IRA account to T. Rowe Price.