Remarks
If You Think Taxes Will Go Up, Consider Rothifying Your Money
Conversion of a traditional IRA into a Roth IRA can be a smart move for some people.
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The appeal of a traditional Individual Retirement Account is that you put money into it tax-free and don’t pay tax until you take money out and you’re presumably in a lower bracket. But your tax bracket in retirement could be higher than anticipated. Maybe you’ll have more income than you thought (great!), or maybe Congress will raise rates (not so great!).
If you’re worried about higher tax rates in the future, consider converting a traditional IRA into a Roth IRA, which is kind of the opposite: You put in money that’s already been taxed, and you don’t pay tax on money that you take out.