september 10, 2009
** 2009 - 2010 ROTH IRAs **
Remember to contact us about the 2010 Roth IRA conversion opportunities !
Starting in 2010, ROTH IRA conversions will be available to all taxpayers regardless of income. Previously, taxpayers with more than $100,000 in adjusted gross income were ineligible. Conversions from a Traditional IRA to a Roth IRA are treated as taxable distributions. Under the new law, taxpayers can elect to pay the income tax on the converted amounts in two equal installments over the following two years (2011 and 2012). Give us a call for more details.
** Roth IRA's: restrictions, penalties and taxes may apply. Unless certain criteria is met, Roth IRA owners must be 59 1/2 or older and have held the IRA for 5 years before tax-free distributions are permitted.
We are an established group of Independent Financial Advisors
who focus exclusively on what is best for our clients.
