[Randy]

What are your thoughts on converting a Traditional IRA to a Roth IRA at a young age, considering the goal of achieving financial independence (FI) by retirement?

Specifically, I’d like to understand the potential benefits, drawbacks, and any strategic considerations to keep in mind for this conversion.

I’m particularly interested in hearing about tax implications, long-term growth potential, and any personal experiences with this strategy.

Thank you for your insights!

[Bill]

It has nothing to do with age. You want to convert when your tax bracket is lower.

For most people on a FI path, that would be the years between retirement and SS and RMDs.

Your circumstances may vary- eg pensions, rental income etc

[Cody]

It usually makes sense to prioritize Roth conversions in early retirement, not before. Or at least in lower-income years.

The correct answer is “it depends.”

[Rick]

Yes but it’s probably not an either or but a both thing. At a young age and again after leaving work.

For those who found fire early enough to do what you describe.

[Author]

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