By Karin Price Mueller | NJMoneyHelp.com for NJ.com Q. My wife and I are looking to purchase a condo which would be our retirement home. We would be selling the home we live in now, which unfortunately still has a considerable mortgage balance — not so much equity. Is a reverse mortgage something we could use here? Pros and cons? — Considering A. There’s a lot to take in to make sure you understand how a reverse mortgage could work. As you know, with a traditional mortgage, a

By Karin Price Mueller | NJ Advance Media for NJ.com Q. I have read that, unless you have available cash to pay the taxes on the Roth IRA conversion, it doesn’t make sense to convert. Is this true and are there any circumstances when it might make sense or be acceptable to pay the taxes from the IRA itself? — Investor A. Let’s take a closer look at converting a traditional IRA to a Roth IRA. When you convert, you are voluntarily paying the income taxes on your IRA now so it w