Choose an account type
Please note that all blog posts before July 1st, 2017 were implemented from our previous site and may not meet current brand standards.
October 3, 2012
Unfortunately, all of the attention lately on Roth IRA conversions comes with a flood of misinformation. The following are a few common myths regarding Roth IRA conversions and the realities investors should know:
Since 2012 when Congress lifted the income restrictions on Roth IRA conversions, myths about the new rules have spread like wildfire. The reality is that Roth IRAs are becoming increasingly popular because earnings accumulate tax-deferred and then can be withdrawn tax- free if the appropriate requirements are met.
Converting a traditional IRA to a Roth IRA is an appealing option for individuals who believe their retirement income will be taxed at a higher rate than their current income. As always, seek the advice and counsel of a financial professional before making investment decisions. Give us a call today at 407-367-3472 or toll free at 877-259-3256!