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Should you convert your IRA to a Roth if Biden’s infrastructure plan passes? MarketWatch 2 days ago © AFP via Getty Images Some Americans may be preparing to convert their retirement assets into Roth accounts in response to President Biden’s future tax plans, but they should hold off before jumping into that decision.  Roth accounts serve a special tax purpose they’re funded with after-tax dollars and thus, are distributed tax-free (compared with a traditional account, where the money is contributed and grows tax-free but is taxed at withdrawal). Roth conversions are similar investors move the money from their traditional accounts into Roth accounts and pay the tax upfront. The Roth strategy is best when the individual is currently at a low tax rate, so that they aren’t paying too much to contribute or convert. 

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