Should you make a Roth conversion or not?

If you're approaching retirement or need your IRA money to live on, it's unwise to convert to a Roth. Because you are paying taxes on your funds, converting to a Roth costs money. It takes a certain number of years before the money you pay upfront is justified by the tax savings.

How to convert from a traditional IRA to a Roth IRA?

Fund your traditional IRA (or another retirement account). If you don't have one already,you'll have to open and fund one first.
Pay taxes on your contributions and gains. You make Roth IRA contributions with after-tax dollars. ...
Convert the account to a Roth IRA. If you don't have a Roth IRA yet,you'll open one during the rollover.

How does the backdoor Roth IRA contribution work?

A backdoor Roth IRA works like this: You open a new traditional IRA, make nondeductible contributions to it, then convert it into a Roth IRA. There are no income thresholds limiting who can make nondeductible IRA contributions, although you still need to obey the annual IRA contribution limits.

Should I convert my traditional IRA to a Roth IRA?

If you have a traditional individual retirement account or IRA, you may have considered converting to a Roth IRA. With a conversion, investors are able to move money out of a traditional IRA, pay taxes on the funds at ordinary federal and state rates, and move it into the Roth where it will grow tax-free.