Editor’s Note: This story originally appeared on Boldin.
Watching your balances shrink during a market downturn isn’t easy. But there’s a lesser-known upside: It creates a good opportunity to do a Roth conversion at a lower tax cost.
This is one of the better planning moves a sliding market makes possible, and many investors miss it entirely.
“When markets are down, it’s hard to avoid the noise, and people have a natural tendency to want to do something versus just watch their balances decline,” says Mike Pappis, CFP and Head of Support at Boldin. “One of those potential things is looking into a Roth conversion to take advantage of lower…
Read the full article at MONEYTALKSNEWS.COM
