Tax bill makes Roth IRA conversion favorable for wealthy taxpayers

12/19/2010 | InvestmentNews (free registration)

The passage of the tax bill last week gives wealthy taxpayers options for retirement funding. Namely because the current tax rates on income will stay the same, if they convert a regular Individual Retirement Account to a Roth by the end of the year they will not have to report all of the additional income from the conversion on this year's return. A wealth of resources to assist with Roth conversion planning can be found at www.aicpa.org/pfp/roth.

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