What are my tax withholding options?

You may wish to pay any applicable federal and state taxes from funds other than proceeds from your conversion, such as cash or other savings held in non-retirement accounts. You should consult your tax advisor.

If you withhold taxes from the retirement account being converted, you may risk:

• Significantly reducing how much you have left over to potentially grow tax free in the Roth IRA.
• Paying a 10% early withdrawal penalty, if you're under 59½.