My daughters inherited my ex-wife’s 401(k), should they convert it to a Roth?

What if I’m in my 40s and don’t have a retirement fund? Some experts say that by age 40 you should have at least three times your salary saved for retirement. If the 401(k) was funded with pretax contributions, any amount converted will be taxable to them but converting to Roth could be a good move because at 21 and 23, they are likely in a low tax bracket. If they convert, invest prudently, and leave the funds alone, in 2030 they could get a good chunk of money tax-free at a time when they may be in a higher tax bracket.

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