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How the new tax law creates a ‘perfect storm’ for Roth IRA conversions

Bill Bischoff
How the new tax law creates a ‘perfect storm’ for Roth IRA conversions

While the new Tax Cuts and Jobs Act (TCJA) includes one negative change for Roth IRAs, they are still pretty wonderful. Here’s what you need to know about Roth IRAs and especially Roth IRA conversions in the post-TCJA world. Unlike traditional IRA withdrawals, qualified Roth IRA withdrawals are federal-income-tax-free and usually state-income-tax-free too.