Here's why you may not want to move all your IRA money to a Roth
Even though doing a Roth conversion means you'll enjoy tax-free income down the road, you pay taxes on the amount you convert, which means there's no future means of reducing your tax rate further.
Before moving all your assets from a traditional individual retirement account to a Roth version, you might want to consider leaving some behind.grow tax-free, qualified withdrawals are untaxed and the accounts come with no lifetime required minimum distributions, or RMDs. However, traditional IRAs offer some potential tax benefits that disappear once the money is moved.Jason York | Getty Images
When you roll over money from a traditional IRA to its Roth counterpart, the amount moved is taxed as ordinary income. Because of that, financial advisors generally recommend that the rollover is done when you're in as low a tax bracket as possible.
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