<prompt> Human: Like the title says, i opened a Traditional IRA account with Vanguard a few days ago but after lurking this subreddit some more, decided a Roth might be better side I think I will end up in a higher tax bracket in the future. I asked the Vanguard rep about converting the funds to a Roth and they informed me that I will need to open a new Roth account and transfer the funds there. However they told me this transfer will be taxed... Does that mean the taxed amount will be deducted from my funds? If so, will it be worth the trouble?Thanks in advance.  <response>: decided a Roth might be better side I think I will end up in a higher tax bracket in the future.Your tax bracket in the future is not necessarily what matters. Its your tax bracket after retirement, that should be the main way to determine Roth vs Traditional. FAQ has a nice explanation of Roth vs Traditional. 