A Roth conversion is transfering funds from a traditional IRA or another qualified retirement plan into a Roth IRA. When a Roth conversion is executed, you are moving pre-tax or tax-deferred assets from one account into a Roth IRA. There are a couple of ways to do this. One entails the transfer of assets from an existing IRA directly into a Roth IRA via a financial institution. Alternatively, an IRA holder has the option to personally withdraw and allocate assets from their current plan into the Roth IRA, as long as this transfer occurs within a 60-day window following the distribution. It’s important to seek the help of a tax professional to oversee all conversions.