S&P 500 Index suffered a ~20% drop in 2022
By converting your Traditional IRA to a Roth IRA, you pay the taxes on
the conversion now out of other non-IRA assets, and you can allow your IRA portfolio to grow
income tax-free. Taxes would be higher when the market recovers and portfolios bounce back.
For information about tax rates, see the IRS 2023 updates and
NerdWallet's tax brackets
Adjust the tax calculations to your circumstances
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