Don’t Be Tricked Into Voluntarily Paying Higher Taxes on Your IRA

Traditional IRAs are set up in a way that basically incentivizes you (and your heirs) into paying the highest tax bill possible. Don’t fall for it. Consider a Roth conversion instead.

A magician with three cups hides a red all under one of them.
(Image credit: Getty Images)

When you first decided to contribute to an IRA or an employer-sponsored retirement account, it probably seemed like a great deal – at least at the time.

After all, you received an upfront tax deduction on the amount you contributed, and you were able to defer paying taxes on any growth in the account. It was a seeming “win-win.”

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Singer Wealth Advisors is an SEC-registered investment advisory firm. Singer Wealth Advisors does not provide tax, legal or accounting advice. This material has been prepared for informational purposes only. You should consult your own tax, legal and accounting advisors before making any decisions that may have tax consequences.


This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the SEC or with FINRA.

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Keith Singer, CFP, Attorney
President, Singer Wealth Advisors

Keith Singer, owner and president of Singer Wealth Advisors (, is a CERTIFIED FINANCIAL PLANNER™. His firm, Singer Wealth Advisors, is an SEC-registered investment advisory firm. Mr. Singer is also a licensed Florida attorney. He is the host of the radio show "Prosper! With Keith Singer," which currently airs on five stations in South Florida.