With taxes ‘on sale’ it could be time to convert to a Roth individual retirement account

FALLBROOK – Retirement can open up a whole new way of life for Americans ready to bring their working years to an end, but at least one thing doesn’t change.

The IRS still keeps a watchful eye on your income including whatever amount is pulled from the individual retirement account or 401(k) that has been building into a nice, hefty nest egg for the past decades.

Uncle Sam has been waiting for years – possibly decades – to tax that money because the deposits made were pretax, meaning there was no taxes paid on the income contributed to the accounts.

That tax-deferral system works well, until r...