This article represents opinions of the author and not those of his firm and are subject to change from time to time and do not constitute a recommendation to purchase and sale any security nor to engage in any particular investment strategy. The
Morningstar's Christine Benz offers tips for maximizing the tax benefits of these accounts, avoiding conversion missteps, and using the recharacterization escape hatch.
With yield spreads back to pre-crisis levels, there is less room for error in the high-yield market today, says Morningstar director of fixed-income research Eric Jacobson.