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Roth conversions remain an option for retirees with large 403(b)s

Reported · Written up by our desk · Fund Industry

MarketWatch addresses whether retirees who are already in their 60s should consider Roth conversions later in life, focusing on a scenario that includes substantial pension income and a large 403(b) balance.

The couple described has about $345,000 in annual pension income and roughly $1 million in their 403(b) account, and the question is whether converting those assets to Roth makes sense at that stage.

In the couple’s view, shifting to Roth could benefit their children by creating tax free distributions from the Roth assets.

MarketWatch frames the decision around the timing of conversions and the potential tax outcome for beneficiaries.

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