There’s no age limit for doing a Roth conversion, says Jeffrey Levine, chief retirement strategist for Ed Slott & Co. in Rockville Centre, N.Y. You could do one at age 90 if you like. Yet converting a traditional individual retirement account, whose tax-deferred contributions are taxed when withdrawn, into a Roth IRA, whose contributions are taxed on the way in but not the way out, isn’t for everyone.
Written By: Elizabeth O’Brian
Published BY: Time.com