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    Should I Do a Roth Conversion?

    by Roger A. Young, CFP®, Senior Financial Planner, T. Rowe Price Sep 11, 2018 1 minute

    If you're approaching retirement, you may have amassed a healthy nest egg in traditional IRAs or retirement plans. You've probably heard about the option to convert those assets into a Roth account.

    It's important to understand what that entails -- and when the strategy makes sense to employ.

    Benefits of a Roth

    A Roth account's key benefit is tax-free distributions. If you're over the age of 59½ and your Roth account has been open for at least five years, all of the money you take out of it

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