Roth IRAs have become popular retirement savings vehicles because if certain conditions are satisfied, distributions from Roth IRAs are completely free from federal income taxes. Is a Roth conversion right for you? The answer is a complicated one, and depends on your current situation, including whether you believe you’ll be in a higher tax bracket in the future.
In this course you will learn
• The difference between Roth IRAs and traditional IRAs
• The conditions that make Roth IRA distributions free from federal income tax, and contribution rules for Roth IRAs
• Ways to convert a traditional IRA and/or employer retirement plan to a Roth IRA
• And how to calculate the conversion tax
This course is intended for
• Individuals and couples aged 50+ who want to increase their knowledge and training to help maximize their retirement years
• People who want to better understand their current portfolio
• And anyone who wonders if their plan has room for improvement
