Who should convert from 401(k) to Roth 401(k)?

01/4/2013 | MarketWatch

The 401(k) conversions now allowed under federal law might make sense for investors who want to leave tax-free inheritances, regardless of the up-front costs, experts say. Conversions to a Roth 401(k) also might make sense for investors who expect to retire in a higher tax bracket or who have tax deductions and credits that would offset the taxes due as a result of the conversion. Consultant Jeffrey Levine says it's rarely wise to convert if an investor has to tap his or her retirement savings accounts to pay the taxes.

View Full Article in:

MarketWatch

Published in Briefs: