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Roth IRA Rules

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, [...]

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Roth IRA Rules

by Fern LaRocca CFP®

in Roth IRA Rules

Listen to this interview I had with Curtis Smith CFP®, a fee-only Financial Advisor with Interactive  Capital Management to find out how a Roth IRA works and if it is right for you. RothIRA033010 What you will learn: What is a Roth IRA and how it differs from a traditional IRA The basic strategy of [...]

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Many people were not allowed to convert their IRAs to a Roth IRA due to the income limitations. That has changed due to the Pension Protections Act of 2006. Now everyone is eligible to convert their 401ks to IRAs and then to a Roth IRA or from an IRA to a Roth IRA. But should [...]

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