4 Roth Conversion Traps and How to Avoid Them

Quick Answer: A Roth conversion moves money from a traditional (pre-tax) retirement account into a Roth account, and you pay income tax on the amount converted in the year you convert it.

Quick Answer: A Roth conversion moves money from a traditional (pre-tax) retirement account into a Roth account, and you pay income tax on the amount converted in the year you convert it.