We’re in our 50s and have $1.5 million in traditional 401(k)s. Is it too early to start Roth conversions?

“A couple in their 50s with $1.5 million in traditional 401(k) assets are questioning whether to begin Roth conversions after a recent adviser mishap that erased a sizable portion of their portfolio. They seek guidance on timing, tax implications, and the potential benefits of converting while still in a high‑earning phase versus waiting until retirement. Expert Analysis: Initiating Roth conversions now can lock in today’s marginal tax rates before required minimum distributions force higher taxable income later, but the strategy hinges on stable or declining tax brackets and sufficient cash flow to cover the conversion tax. Given recent portfolio volatility, a phased conversion approach that leverages market dips can mitigate risk while preserving the long‑term tax‑free growth advantage of Roth accounts.”