Direct answer
A Roth conversion moves money from a pre-tax account into a Roth IRA, triggering taxes now in exchange for tax-free growth later.
A Roth conversion moves money from a pre-tax account (Traditional IRA or 401(k)) into a Roth IRA, triggering taxes now in exchange for tax-free growth later. It is often most beneficial in lower-income years or when you expect to be in a higher bracket in retirement.
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