Financial expert warns of the one IRA conversion mistake that could cost you ‘well over 30% of every dollar'
Yahoo Finance·2026-04-12 18:00

Converting a traditional IRA to a Roth sounds straightforward: pay your taxes now and enjoy tax-free growth later. But journalist and personal finance expert Jean Chatzky has a pointed warning for anyone about to make the move, and it starts with where you plan to get the money to cover that tax bill. Must Read “The deal is, when you convert assets from a traditional IRA into a Roth IRA, you have to pay taxes on the amount that you convert at the time that you do it,” Chatzky wrote on HerMoney. “And so ...

Financial expert warns of the one IRA conversion mistake that could cost you ‘well over 30% of every dollar' - Reportify