stock market decline

If your pension plan has taken a hit because of the declining Wall Street numbers, this could be a great time to roll it into a Roth account.

You will pay tax on the current value on the amount rolled from your pension into your Roth account at the time of the rollover. So, if the value is at a low point, you’ll pay less tax. Then when the value increases, it will be in the Roth account and increase tax free.