Now is the Perfect Time to Convert Your IRA to a Roth

The American College of Financial Services
Money
March 30, 2020

As the coronavirus continues to fuel market unrest and send investors’ portfolios into a spiral, now may be a good time to convert IRA accounts into Roths in order to preserve hard-won gains from years of retirement savings.

RICP® program director and co-director of our Retirement Income Center Wade Pfau goes a step further and advises that having two kinds of accounts—a balance of traditional and Roth IRAs—may be the best way to ensure financial security right now.

For more of Pfau’s advice for those at or near retirement, check out this piece from Money.

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