A Roth IRA conversion - changing from a standard IRA to a Roth IRA - can lower your taxes in the future. While there's no up-front tax break with Roth IRAs, your contributions and earnings grow tax-free. In other words, once you pay taxes on the money that goes into a Roth IRA, you're done paying taxes, provided that you take a qualified distribution.
A Roth IRA also allows you to withdraw contributions (not earnings) at any time, for any reason, generally tax-free. Of course, any money you take out now will never get the opportunity to grow.
Here's a more detailed explanation from Marsha :
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Investment advisory services offered through Brookstone Capital Management, LLC (BCM), a registered investment advisor. BCM and Unified Wealth and Retirement Planning are independent of each other. Insurance products and services are not offered through BCM but are offered and sold through individually licensed and appointed agents. The content of this website is provided for informational purposes only and is not a solicitation or recommendation of any investment strategy. Investments and/or investment strategies involve risk including the possible loss of principal. There is no assurance that any investment strategy will achieve its objectives. Marsha Harris and/or Unified Wealth and Retirement Planning are not affiliated with or endorsed by the Social Security Administration or any other government agency. Information provided is not intended as tax or legal advice, and should not be relied on as such. You are encouraged to seek tax or legal advice from an independent professional.
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