We’re 64 Years Old With $750k in an IRA and Social Security. Is It Too Late to Convert to a Roth IRA?

February 8, 2024   Retirement,Social Security
If you’re nearing retirement and you have a sizeable IRA balance, you face some significant decisions surrounding required withdrawals and taxes. Converting a traditional IRA into a Roth account is one move that can increase your planning flexibility. And even at 64 years old, shifting an account from a tax-deferred to tax-free status can result […] The post We’re 64 Years Old With $750k in an IRA and Social Security. Is It Too Late to Convert to a Roth IRA? appeared first on SmartReads by SmartAsset.