A Roth conversion is advantageous if you have a large traditional IRA account, and you expect your future tax bills to either grow or remain at the same level at the time you plan to start withdrawing from your tax-advantaged account.
Tax-advantaged plans such as 401(k)s and college savings plans are everywhere these days, but less well-known are Health Savings Accounts (HSAs) despite the many advantages they offer. In addition, the study also reveals that women have been having fewer children during these past five or six decades. What that means to Baby Boomers (those individuals born between 1946 and 1964) in or near retirement is a potentially smaller support system to help with life guidance and basic care.