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A Market Crash Could Be Looming: How a Roth IRA Conversion Can Save You Money

A Market Crash Could Be Looming: How a Roth IRA Conversion Can Save You Money

The stock market has been on a rocky ride this year, experiencing both record lows and all-time highs in just a matter of months. Although a market downturn isn't necessarily a positive thing, there is a bright side to a potential crash: It's the perfect opportunity to convert to a Roth IRA and save money. The biggest advantage of a Roth IRA over a traditional IRA or 401(k) is that you won't owe income taxes on your withdrawals in retirement.