In the two previous blog posts, I examined four scenarios where it's possible to convert a portion, and possibly all, of a traditional IRA to a Roth IRA while incurring minimal or no income tax liability attributable to the conversion, and, as such, qualify as ideal Roth IRA conversion candidates.
This week's blog presents two additional Roth IRA conversion candidates that I would classify as "great," but not "ideal," candidates. Both scenarios have the potential for the IRA owner or beneficiaries to end up with more assets than they would if they don't do a conversion, however, there could be a sizeable amount of income tax liability attributable to the conversion, depending upon the situation. The two scenarios are as follows:
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