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 … Read More »
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 … Read More »
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?
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 … Read More »
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.