Tag Archives | roth

The Conversion Issue: Tax Me Now or Tax Me Later! (Part 2)

Key Takeaways Roth conversions could be a great option to potentially decrease taxes and pass on tax free assets to heirs. Roth conversions can also be beneficial if you have assets in tax-deferred accounts and expect a significant drop in your tax bracket before age 70 ½. A re-characterization provides you with a “do over” […]

Read full story Comments are closed

The Conversion Issue: Tax Me Now or Tax Me Later!

Key Takeaways Converting a traditional 401(k) or IRA to a Roth IRA has become a popular estate planning and tax mitigation technique in recent years. The basic idea of a Roth IRA is to pay some tax now to avoid paying tax on your withdrawals in your golden years. Roth IRAs have many benefits over […]

Read full story Comments are closed