A Roth conversion is a strategy that involves transferring assets from a traditional IRA or 401(k) into a Roth platform. This process requires paying taxes on the converted amount at the current income tax rate. The key benefit of a Roth conversion is that it allows future withdrawals from the Roth platform to be tax-free, provided certain conditions are met. This strategy can be advantageous if you expect to be in a higher tax bracket in retirement, as it can help manage future tax liabilities and provide tax-free income during retirement.