gettyBy now, many have heard about Roth IRAs and how Roths allow tax-free growth. Roth IRAs can allow tax-free accumulations throughout the lifespan of a married couple and then ten years beyond that. Simple 2020 Roth conversion. Of course, we need to account for the taxes on the Roth conversion, so the opportunity cost is this scenario is about $24,567. It’s a good idea to consider a Roth conversion for your arsenal of planning tools.

Source: Forbes December 16, 2020 12:00 UTC