I’m Almost 60 and Have $1 Million in My IRA. Should I Switch to Roth Contributions?
Should you switch from pre-tax IRA contributions to Roth contributions? Imagine that you’re steadily contributing to a traditional IRA. This provides you with an annual tax deduction. However, contributing to a tax-deferred account comes at the cost of having to pay taxes on all of the money you withdraw in retirement. Switching to a Roth […] The post I’m Almost 60 and Have $1 Million in My IRA. Should I Switch to Roth Contributions? appeared first on SmartReads by SmartAsset.