One of the most common services that we perform for our clients is Roth conversions, particularly for our recently retired clients. If you don’t mind how much you pay in income tax, it can be quite simple to do Roth conversions. However, if you’ve accumulated significant wealth in your retirement accounts, you might have a hefty tax bill if you decide to do this all in one year. If you want to keep your overall lifetime tax liability as low as possible, you’ll probably want to do your Roth conversions over time, and make annual adjustments depending on significant tax events that occur each year. In other words, you probably need to establish a Roth conversion plan.