No one knows when the federal government is going to raise tax rates, or whether your beneficiaries will be in a higher tax bracket then you are, but if either or both of these scenarios becomes true, then converting now makes good sense. That is because paying the tax bill at your lower rate will ultimately produce more cash for your heirs than if you left the money to your heirs in a traditional IRA and they are forced to pay ordinary income tax on the distributions over a period of 10 years following your death, pursuant to the SECURE Act. Per
this article, “Americans are paying the smallest share of their income for taxes since 1958,” and the tax rates were further reduced in 2016, and are planned to increase in 2026 back to their pre-2016 rates, as further explained
here.