As more Americans prepare for retirement, the role of a financial advisor has become more crucial than ever. Multiple retirement income streams, unexpected shifts in the stock market, ever-changing tax laws, and more make the retirement income planning process confusing. Savvy financial advisors understand that an effective retirement income strategy helps clients sidestep undesirable tax situations, so they hold onto more of their hard-earned money. One of these strategies is the Roth conversion, the conversion of a traditional IRA to a Roth IRA. Roth conversions can help clients reduce their tax obligations in the short term while lowering the total amount of taxes they’ll be required to pay in the long term when they retire. Let’s dig into the benefits of Roth conversions for your clients and the advantages of high-quality financial planning software for you and your practice.