IRA rollover to Roth IRA would be costly

  • by: CHRIS FARRELL , Star Tribune
  • Updated: March 9, 2008 - 11:51 AM

Q: My wife and I have an IRA of about $200,000. Our experience is that if we make a withdrawal we will pay about 50 percent in taxes. We are both very near retirement and have been advised that if we roll over the IRA to a Roth IRA, we likely drop from $200,000 in assets to $100,000. Future earnings and withdrawals would be tax free.

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