Demand for Roth IRA conversions may increase — even without tax hikes from President-elect Donald Trump

Income tax hikes are less likely under President-elect Donald Trump. But demand for Roth conversions could still increase, experts said.

Some advisors increased Roth individual retirement account conversions for clients amid the threat of higher taxes after 2025.

. However, demand for Roth conversions will continue as investors seek long-term tax planning strategies, experts said. "I think you are only going to see an increase in Roth IRA conversions," said certified financial planner Byrke Sestok, a partner at Moneco Advisors in Harrison, New York. Even without tax increases from Congress, experts said, Roth conversions can reduce long-term taxes on your portfolio, particularly for older workers and retirees with, such as early retirement before claiming Social Security benefits or taking required minimum distributions. The strategy can minimize the upfront tax bill while reducing your pretax balance.

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