Roths beyond retirement: Maximizing wealth transfers
Many investors hold substantial tax-deferred retirement accounts such as traditional IRAs and 401(k)s.
Depending on their goals, they may want to think about converting some or all of those assets to a Roth IRA. Discussions about conversions most commonly focus on retirement planning and expectations for current and future tax rates. However, Roth IRAs can also serve as a wealth transfer vehicle in an estate plan, helping individuals to achieve—or amplify—their wealth transfer goals.