tominboise
Recycles dryer sheets
We have traditional IRA's and 401k's but no Roth IRA's at the moment. I see people mention that now is the time to covert traditional IRA's to Roth. Is that because if our IRA's have dropped in value, my tax obligation will be reduced, over converting at some other point? Once I convert, I can't touch the money for 5 years, correct? Can I convert an entire 401k or just certain parts of it?