CHAMPAIGN, Ill. – Starting next year, anyone can convert retirement savings into tax-advantaged Roth individual retirement accounts, but the much-touted switch isn't for everyone, a University of Illinois expert on tax and elder law warns.
Law professor Richard L. Kaplan says financial advisers are largely overselling the potential benefits of new rules that take effect Jan. 1, eliminating an earnings threshold that has kept many people from shifting into a Roth.