How tax changes will affect IRAs

03/7/2011 | Financial Planning

IRA holders have a window of opportunity for several provisions under the recently passed tax bill. Taxpayers who converted to Roth IRAs in 2010 can now benefit from lower tax rates by claiming the income over the next two years. The bill also provides IRA holders savings on estate taxes and on transfers to grandchildren. However, taxpayers will need to make their decisions soon to take advantage of the provisions before they expire.

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