Should you convert your IRA to a Roth if Biden’s infrastructure plan passes?

Should you convert your IRA to a Roth if Biden’s infrastructure plan passes?
Alessandra Malito
·4 min read
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Roth accounts serve a special tax purpose — they’re funded with after-tax dollars and thus, are distributed tax-free (compared with a traditional account, where the money is contributed and grows tax-free but is taxed at withdrawal). Roth conversions are similar — investors move the money from their traditional accounts into Roth accounts and pay the tax upfront.