Doing a Roth Conversion in an up or down market
Is it a better time to do a Roth conversion when the stock market is up or down ? Or does it not matter?
Thank you
Terry Says
Oh, it sure does! YOu’re going to pay ordinary income taxes on all the money that is converted. Wouldn’t you hate to do that — taking money out when the market is high — then watching it fall dramatically in a bear market?!
You want to do the conversion when the market is down, and you pay the least taxes. Nobody has a crystal ball on that score. But please read this recent column on getting personalized Roth Conversion advice:
https://www.terrysavage.com/roth-conversions-2/
