If you're considering converting an IRA to a Roth IRA in 2022, the clock is ticking. In this video, John Iammarino breaks down everything you need to know before making a decision.

Keep in mind, we are in a historically low tax rate. Paying your taxes now will allow your money to grow tax-free, and any future withdrawals will not be taxed. Also, to help manage your tax liability, you may choose to convert just a portion of your assets. There is no limit to the number of conversions you can make, so you may convert smaller amounts over several years.