New legislation taking effect in 2010 will leave many investors wondering if they should switch from a traditional IRA to a Roth IRA. A Roth IRA is different from a traditional IRA in that it is funded with after tax dollars. This gives rise to a number of considerations when setting up a Roth IRA [...]
Rollover IRA / Roth IRA Tax Rules
Posted by admin on March 31st, 2010
When it comes to Roth IRAs, the most important thing you must remember is that Roth IRAs are not structured like traditional IRAs. Traditional IRAs allow you to make contributions “off the top,” before any taxes are taken out of your gross salary. Contributions to Roth IRAs, conversely, are made with your after tax dollars, [...]
The Rollover IRA/Roth IRA Conversion Process – What You Need to Know
Posted by admin on March 23rd, 2010
So you’re ready to take advantage of recent government legislation that makes it easier and cheaper to convert your rollover IRA funds to a Roth IRA?
Rollover IRA – Roth IRA Conversion: Does it Make Sense for You?
Posted by admin on March 16th, 2010
The benefits of Roth IRA accounts are well established. With Roth IRAs, you can make tax-free withdrawals in qualified situations (provided you meet certain holding criteria) and you don’t need to make required withdrawals by a certain age, as with traditional IRA accounts. If you anticipate being in a higher tax bracket when you get [...]
Rollover IRA to Roth IRA
Posted by admin on November 17th, 2009
Many taxpayers consider the option to convert or roll over their traditional IRA to a Roth IRA in order to convert money that grows tax deferred to tax free. This conversion can produce large tax savings over the long run — over $100,000 in some cases.
