This makes saving in a Roth IRA or a Roth 401(k) more attractive today. You might also be wondering whether it makes sense to convert your existing traditional IRA to a Roth IRA. A Roth IRA can ruin your retirement. It is at once a highly valued benefit to a Roth IRA and, at the same time, its most self-defeating attribute. “You may have a shortage of income in retirement if you access your Roth IRA prior to retirement,” says Martin E. Levine, a CPA at 4Thought Financial Group in Syosset, New York.

Source: Forbes May 02, 2019 15:45 UTC