Your finances: converting an IRA to a Roth
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To Roth or not to Roth? As it turns out, you can sort of have it both ways.
You can convert a traditional individual retirement account (IRA) -- with taxes deferred on the deposits and income tax paid on the withdrawals in retirement -- to a Roth IRA, where instead taxes are paid up front and no income taxes will be due again. And if it doesn't work out for you in terms of the tax burden or losses in the account, you can change your mind, because of some generous do-over clauses.
Here are six key issues to consider about whether to convert or not:
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