Former Tesla Veteran & EV Battery Specialist Parts Way With QuantumScape In Less Than A Year

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Should you do a Roth IRA conversion now? Yes, if you’re in this ‘holy grail’ group.

Depending on your individual financial situation, market downturns like this can create the ideal conditions for a Roth IRA conversion, when you move money from a traditional IRA into a Roth IRA. A Roth IRA represents a rarity in U.S. tax law. “There are very few instances in the tax code where you can invest in something that is going to grow and it’s going to be tax-free when you take it out,” said Greg Plechner, a partner and wealth manager at Greenspring Advisors in Paramus, N.J.

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