Pros
Contributions and earnings grow tax-free.
You can withdraw contributions at any time, for any reason, tax-free.
You don’t have to take required minimum distributions.
Those normally ineligible for a Roth IRA can use it to create the account and a tax-free pool of cash.
Cons
You pay tax on the conversion when you do it—and it could be substantial.
You may not benefit if your tax rate is lower in the future.
You must wait five years to take tax-free withdrawals, even if you’re already age 59½.
Figuring taxes can be complicated if you have other traditional, SEP. or SIMPLE IRAs you're not converting.
Just another view........................not seeing a GREAT advantage of converting to a ROTH.
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Identifying as Mr. Helpful
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