Before the end of the calendar year, you may want to consider converting an IRA, especially if there has been a change in your household income. For example, if your income is lower in the current tax year, you may want to consider a full or partial conversion of your traditional IRA into a Roth IRA to allow those funds to grow tax-free. The calculations to make such a decision can be complicated. You have to consider all of your retirement accounts, conversion tax, and "run the the numbers" to make an informed decision as to whether a conversion makes sense for you. But year-end is the perfect time to review the situation.