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Is an IRA to roth conversion better than rolling over your IRA into another investment?

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Answer:

First of all you may wish to consult with a tax advisor before making the decision as they may be able to better assess what would be best for you. However, there are three major factors to consider if you want to switch to a Roth IRA. First off you will want to consider if your tax rates will be higher when you retire than it is today, if so you may want ot consider switching to a Roth. Another is time, if you are going to be retiring in the next five years and decide to switch to a Roth, you can be subject to a 10% withdrawal penalty. Lastly, cost, there is a tax cost of conversion from cash or other non-retirement savings to a Roth IRA.

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