You'll owe income taxes in the year you convert Tobi is a crypto writer at Investopedia. He aims to simplify the complex concepts of blockchain and cryptocurrencies for the masses. Andy Smith is a ...

Roth IRA rollovers enable tax-free transfers between retirement accounts. Conversions from traditional to Roth IRAs may increase taxable income. Direct 401(k) to Roth IRA rollovers are now permitted ...