Posts Tagged ‘Roth IRA’

Recent tax law changes have made it possible to convert your traditional IRA to a Roth IRA. As of January 1, 2010, the income requirement for conversions or rollovers of traditional IRAs to Roth IRAs has been eliminated.

But just because you can do something does not mean you should do it. There are always pros and cons. There are also many factors to consider when making this decision. How old are you? What is the amount of the investment and how is it invested? Will the funds be needed for retirement income or will they be part of the estate? How would the conversion affect your tax situation and retirement and estate planning.

You should always discuss decisions like these with your CPA and financial planner.