A Market Crash Could Be Looming: How a Roth IRA Conversion Can Save You Money
The stock market has been on a rocky ride this year, experiencing both record lows and all-time highs in just a matter of months.
After an impressive comeback over the summer, the market has been on a downhill slide since early September. The Dow Jones Industrial Average (DJINDICES: ^DJI) recently tumbled by roughly 500 points, marking the index's worst day in approximately two weeks. These signs could indicate another market crash is on the way, and it's important to ensure you're as prepared as possible.
Although a market downturn isn't necessarily a positive thing, there is a bright side to a potential crash: It's the perfect opportunity to convert to a Roth IRA and save money.
Source Fool.com
