Roth conversion tax impact 5

https://wiki-coast.win/index.php/How_a_Compound_Interest_Calculator_Can_Shape_Your_Financial_Future

Converting a traditional IRA to a Roth IRA means paying income tax on the converted amount now, at your current rate, in exchange for future tax-free withdrawals. The key impact is that you owe taxes on the pre-tax dollars converted, which can be a big upfront cost. This strategy works best if you expect higher tax rates later, or want to leave tax-free money to heirs. Careful planning can lower the tax hit by converting in lower-income years.