John Bullis: ROTH IRA conversions using planning

You can convert your regular IRA to a ROTH IRA. The value converted is taxable income. If the value goes down after conversion, you can change your mind and cancel the conversion if you do it by Oct. 15 of the year following the conversion. It’s called “Cherry Picking” that gives you the ability to convert to several ROTH IRA accounts and only choose to cancel the conversion on one or more of the new ROTH IRA accounts.