Dec 14, 2009
Converting to a Roth IRA? Read This First
Financial magazines, newspapers, and business news channels are abuzz with stories reporting the new opportunity for high income individuals to convert their traditional individual retirement account (‘IRA’) into a Roth IRA starting in 2010.
Until now, high-income earners were not allowed to convert traditional IRA’s into Roth IRA’s. However, there is no hard and fast rule that can fit into a sound bite for determining when, or if, a conversion is suitable. Instead an in-depth analysis of an individual’s specific facts and circumstances must be completed…