Archive - June 6, 2011

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The Best and Worst Times to Convert to a Roth IRA

The Best and Worst Times to Convert to a Roth IRA

In 2010 the rules for doing a Roth IRA conversion were liberalized, making it an option for all income brackets.  Previously there was a $100,000 Adjusted Gross Income limit for those wanting to convert.  If you are contemplating a Roth conversion this year here are the basics for you to consider:

Roth Conversion defined

  A Roth IRA Conversion is when you take a traditional IRA and convert to a Roth IRA.  This is a taxable event as any pretax money within the traditional IRA will be taxed as ordinary income.  The benefit is all future growth within the Roth IRA …

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