Roth conversions could trigger a ‘tax torpedo’ under Trump’s ‘big beautiful bill’
Donald Trump
Roth individual retirement account conversions are a popular strategy to reduce pretax balances and kickstart tax-free growth. But the converted balance boosts your income, which could have unexpected consequences amid new laws enacted via President Donald Trump 's "big beautiful bill." For some investors, more earnings could trigger a "tax torpedo," or an artificially higher rate, due to the phaseouts, or benefit reductions, for some of Trump's new tax breaks, experts say. If that happens, the
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