Retirement Planning

Let me take a question from Robert tonight. He is 66 years old and he wants to know if he should convert his traditional IRA into a Roth IRA. We covered this before but there is more to know. There are a couple of advantages of having a Roth instead of a Traditional IRA. Number one, you don?t have to generally pay taxes when you take the money out of your Roth IRA. Number two, if you have a traditional IRA you have to start taking your money out when you turn 70, but with Roth IRA you get to decide if and when.