The Ideal Roth IRA Conversion Candidate - Part 1

The last two blog posts, Three Roth IRA Conversion "Show Stoppers" and Clearing the Roth IRA Conversion Hurdles presented three scenarios in each post where the answer to the question, "Should you convert your traditional IRA's to Roth IRA's?" was a definitive "no" and "probably not a good idea," respectively. Assuming that you weren't eliminated from the Roth IRA conversion game by any of the three "show stoppers" and you cleared all three "high hurdles," are you a candidate for a Roth IRA conversion?

Whenever you are evaluating candidates, whether it be for political office, employment, or some other situation, you always want to compare the individual against an established ideal candidate profile. In the case of a Roth IRA conversion, the ideal candidate is someone who will incur minimal or no income tax liability as a result of the conversion.