Simply put, it is the conversion of assets from a Traditional, SEP, or SIMPLE IRA, into a Roth IRA. The reason for this conversion is the favorable end result of a Roth IRA, no distribution tax implications. This strategy can get a bit complicated depending on factors such as your tax filing status, if contributions are deductible or non-deductible, what your MAGI level is, and so forth. Talk to a financial professional before engaging in such activities to avoid taxation issues.