{"id":2079,"date":"2019-12-18T21:35:34","date_gmt":"2019-12-18T21:35:34","guid":{"rendered":"https:\/\/sparksfg.com\/?p=2079"},"modified":"2023-06-28T01:12:51","modified_gmt":"2023-06-28T01:12:51","slug":"roth-ira-conversion","status":"publish","type":"post","link":"https:\/\/sparksfg.com\/roth-ira-conversion","title":{"rendered":"Roth IRA Conversion"},"content":{"rendered":"[vc_row][vc_column width=&#8221;1\/4&#8243;][vc_wp_custommenu nav_menu=&#8221;16&#8243;][\/vc_column][vc_column width=&#8221;1\/2&#8243;]<div id=\"ultimate-heading-57766636df835c0a9\" class=\"uvc-heading ult-adjust-bottom-margin ultimate-heading-57766636df835c0a9 uvc-9484  uvc-heading-default-font-sizes\" data-hspacer=\"no_spacer\"  data-halign=\"left\" style=\"text-align:left\"><div class=\"uvc-heading-spacer no_spacer\" style=\"top\"><\/div><div class=\"uvc-main-heading ult-responsive\"  data-ultimate-target='.uvc-heading.ultimate-heading-57766636df835c0a9 h2'  data-responsive-json-new='{\"font-size\":\"\",\"line-height\":\"\"}' ><h2 style=\"--font-weight:theme;\">Should I convert to a Roth IRA?<\/h2><\/div><\/div>[vc_column_text css=&#8221;.vc_custom_1576704916592{margin-top: 37px !important;}&#8221;]A Roth IRA is a great way for clients to create tax-free income from their retirement assets. Yet, keep in mind that when you convert your taxable retirement assets into a Roth IRA you will generally pay ordinary income tax on the taxable amount that is converted.<span id=\"more-900\"><\/span><\/p>\n<p>The conversion amount is not subject to the 10% early distribution penalty. Your tax-free potential is maximized if you pay the taxes from your current income or personal savings and not from your IRA. Individuals of all income levels are eligible to convert to a Roth IRA.[\/vc_column_text][\/vc_column][vc_column width=&#8221;1\/4&#8243;][vc_icon icon_fontawesome=&#8221;fa fa-calculator&#8221; color=&#8221;custom&#8221; background_style=&#8221;rounded&#8221; size=&#8221;xl&#8221; align=&#8221;center&#8221; css_animation=&#8221;left-to-right&#8221; custom_color=&#8221;#1f375c&#8221;]<style type=\"text\/css\" data-type=\"the7_shortcodes-inline-css\">#default-btn-0edc74e3c607564810c1fac96814a25c.ico-right-side > i {\n  margin-right: 0px;\n  margin-left: 8px;\n}\n#default-btn-0edc74e3c607564810c1fac96814a25c > i {\n  margin-right: 8px;\n}\n<\/style><div class=\"btn-align-center\"><a href=\"https:\/\/www.calcxml.com\/calculators\/roth-ira-conversion-calculator?skn=929&amp;r=2&amp;tabs=1\" class=\"default-btn-shortcode dt-btn dt-btn-m link-hover-off  vc_custom_1687914764967\" target=\"_blank\" id=\"default-btn-0edc74e3c607564810c1fac96814a25c\" rel=\"noopener\"><span>View Calculator<\/span><\/a><\/div>[\/vc_column][\/vc_row]\n","protected":false},"excerpt":{"rendered":"<p>[vc_row][vc_column width=&#8221;1\/4&#8243;][vc_wp_custommenu nav_menu=&#8221;16&#8243;][\/vc_column][vc_column width=&#8221;1\/2&#8243;][vc_column_text css=&#8221;.vc_custom_1576704916592{margin-top: 37px !important;}&#8221;]A Roth IRA is a great way for clients to create tax-free income from their retirement assets. Yet, keep in mind that when you convert your taxable retirement assets into a Roth IRA you will generally pay ordinary income tax on the taxable amount that is converted. The conversion&hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19,24],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Roth IRA Conversion - Sparks Financial Group<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sparksfg.com\/roth-ira-conversion\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Roth IRA Conversion - Sparks Financial Group\" \/>\n<meta property=\"og:description\" content=\"[vc_row][vc_column width=&#8221;1\/4&#8243;][vc_wp_custommenu nav_menu=&#8221;16&#8243;][\/vc_column][vc_column width=&#8221;1\/2&#8243;][vc_column_text css=&#8221;.vc_custom_1576704916592{margin-top: 37px !important;}&#8221;]A Roth IRA is a great way for clients to create tax-free income from their retirement assets. Yet, keep in mind that when you convert your taxable retirement assets into a Roth IRA you will generally pay ordinary income tax on the taxable amount that is converted. The conversion&hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/sparksfg.com\/roth-ira-conversion\" \/>\n<meta property=\"og:site_name\" content=\"Sparks Financial Group\" \/>\n<meta property=\"article:published_time\" content=\"2019-12-18T21:35:34+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-06-28T01:12:51+00:00\" \/>\n<meta name=\"author\" content=\"sfg_admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"sfg_admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/sparksfg.com\/roth-ira-conversion#article\",\"isPartOf\":{\"@id\":\"https:\/\/sparksfg.com\/roth-ira-conversion\"},\"author\":{\"name\":\"sfg_admin\",\"@id\":\"https:\/\/sparksfg.com\/#\/schema\/person\/7dbee68b7746f9824d77c80614d2cff0\"},\"headline\":\"Roth IRA Conversion\",\"datePublished\":\"2019-12-18T21:35:34+00:00\",\"dateModified\":\"2023-06-28T01:12:51+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/sparksfg.com\/roth-ira-conversion\"},\"wordCount\":207,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/sparksfg.com\/#organization\"},\"articleSection\":[\"Financial Calculators\",\"Retirement\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/sparksfg.com\/roth-ira-conversion#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/sparksfg.com\/roth-ira-conversion\",\"url\":\"https:\/\/sparksfg.com\/roth-ira-conversion\",\"name\":\"Roth IRA Conversion - Sparks Financial Group\",\"isPartOf\":{\"@id\":\"https:\/\/sparksfg.com\/#website\"},\"datePublished\":\"2019-12-18T21:35:34+00:00\",\"dateModified\":\"2023-06-28T01:12:51+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/sparksfg.com\/roth-ira-conversion#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/sparksfg.com\/roth-ira-conversion\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/sparksfg.com\/roth-ira-conversion#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/sparksfg.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Roth IRA Conversion\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/sparksfg.com\/#website\",\"url\":\"https:\/\/sparksfg.com\/\",\"name\":\"Sparks Financial Group\",\"description\":\"Retirement Planning &amp; 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