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Roth IRA conversion

There is no hard rule about who is best served by converting to a Roth IRA since everyone’s individual’s financial, income tax and wealth situations are different. But here are 10 reasons why you would consider a conversion: 1. Taxpayers have special favorable tax attributes including a high basis ration, charitable deduction carry-forwards, investment tax credits, [...]


If you have an IRA you probably know about the concept of a Roth IRA conversion – where you  take distribution of a portion of your IRA and directly transfer that money into your a Roth IRA,  paying tax as you go.  Then the Roth IRA can continue to grow tax-free (as Roth IRAs do) and  you’ll [...]


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