There are numerous reasons to move to a Roth IRA: avoiding the possibility of greater taxes in retirement, having no RMDs, and cheaper markets.
Consider a Roth IRA as an excellent retirement vehicle. Contributions are not tax-deductible, but withdrawals are tax-free, and this affords the prospect of substantial tax-free investment returns over the account’s lifespan.
There is a straightforward approach to boosting your retirement security rapidly, but far too few seniors are taking advantage of it. According to a recent study paper, nearly all Americans should wait beyond age 65 to collect their full Social Security payments, and more than 90% should wait until age 70 to get even more. However, just 10% wait until age 70 to collect Social Security.
