Roth IRA Conversion

A Roth IRA can offer significant benefits, such as tax-free growth of assets, tax free distributions, and no required minimum distributions during the original account holder’s lifetime.  There is no longer an income limit for converting to a Roth IRA, making this strategy available to high-income taxpayers.  Paying the income taxes on a Roth conversion can also reduce estate taxes.  Those who can afford to pay the income taxes should consider Roth conversions.

If you have any questions regarding Roth IRA conversions, please contact Doris L. Martin, or visit our website.