Understanding

Roth IRA Conversions

What type of IRA is right for me?

 

The German-born theoretical physicist Albert Einstein once told Leo Mattersdorf, his accountant and tax consultant, that “the hardest thing in the world to understand is the income tax.”  While it remains unclear whether the developer of the theories of general and special relativity truly believed that the income tax qualified as one of the universe’s greatest unsolved mysteries, he did have a decent point.  Thankfully, if you are retired or getting ready to retire, there are strategies available for you to utilize in the context of tax planning.  The purpose of this month’s guide is to outline one such strategy: the conversion of a traditional IRA to a Roth IRA.

Perhaps you’ve done some research and have eliminated a Roth IRA as an option due to income requirements. However, this is where Roth IRA conversions come in.   Having a Roth IRA account might not always make sense in every situation (this is a caveat explained in great detail in the guide, including 8 pointers to consider), but ultimately, Roth IRA conversions provide investors with a great opportunity to generate after-tax growth.  It is important to proceed with caution and recognize that there are some potential pitfalls.

Fill out the form to the right to download this guide today and learn more about understanding Roth IRA conversions.

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