Is It Too Late to Convert to a Roth IRA at 62 With $950k in IRAs?

SmartAsset and Yahoo Finance LLC may earn commission or revenue through links in the content below. Fortunately, there’s no age restriction on converting a pre-tax retirement account to a Roth IRA. You can roll funds from a qualifying pre-tax account to a Roth IRA at any time. The more important, and difficult, question to answer is whether it’s wise to convert your savings to a Roth IRA later in life. A lifetime of tax-free withdrawals is a significant benefit to a Roth conversion, but doing so in your ...