If your traditional IRA or 401(k) balance keeps growing, you may be headed toward a good but frustrating problem. Eventually, you'll be forced to take required minimum distributions (RMDs), which could drive up your taxes in retirement and potentially cost you more in Medicare premiums. But a Roth conversion could come to the rescue. With a Roth conversion, you move funds from a traditional IRA or 401(k) into a Roth IRA. From there, your money gets to grow tax-free, withdrawals are tax-free, and you don't have to concern yourself with RMDs. Image source: Getty Images.
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