As year-end approaches, you may be eyeing Roth individual retirement account conversions.
The strategy, however, boosts your income, which can have other tax consequences, experts say.
Roth conversions shift pretax or nondeductible IRA funds to a Roth IRA, which provides future tax-free growth.
Otherwise, you could lose eligibility for certain tax breaks or unexpectedly trigger tax hikes.
Here are a couple of other major tax issues to watch, experts say.
Persons:
eyeing Roth, Roth, JoAnn May, Helene
Organizations:
Roth IRA, Asset Management, Finance, Social
Locations:
Riverside , Illinois