The expanded features of the Traditional IRA include substantially increased income limits for spouses and upfront tax deductions. Investors who are within five years of retirement may find the Traditional IRA a preferable option.
The new Roth IRA, funded with after-tax contributions, offers tax-free accumulation plus tax-free withdrawals in retirement. Many investors with more than five years to retirement might find this to be their best choice.
Our custom analysis is designed to help your broker provide sound advice on whether to convert your traditional IRA into a Roth Conversion IRA.