Converting Traditional IRA to ROTH IRA then to SDIRA

[Account Closed]

Hello Everyone,

I'm planning to buy a rental property using a SDIRA. My questions: Is it better or a smart move to convert my Traditional IRA account to a Roth IRA before I convert it to a SDIRA? What are the pros and cons? I'm aware that I have to pay taxes on that year that I'm doing the conversion, and it will put me in a higher income tax bracket. I'm just wondering if it's worth doing the conversion. Thanks a lot for your help!

[Dmitriy Fomichenko]

Decision to do a Roth conversion depends on several factors such as your current tax bracket, the amount of conversion will likely move you to a higher tax bracket, what would be the total cost to you? What do you expect your future tax bracket to be? Projected investment returns? Investment goals and time horizon?

This is not a one size fits all. To get an accurate answer for YOU (not just in general) you need to get with a qualified tax professional who will take time to analyze all of the above and then give you appropriate recommendation.