AMJ Financial Blog

Roth IRA – To Convert or Not Convert in 5 Easy Steps

Are you considering converting your IRA or employer plan assets to a Roth IRA?

You may be searching for ways to reduce your tax bill in retirement, and a Roth IRA can do just that. However, before you make any moves with your money, there are other tax implications you should consider first.

One of the biggest questions you must answer before converting to a Roth IRA is how you will pay for the taxes that will be due when the conversion is executed. When converting to a Roth IRA, you will trigger a taxable event, so your ability to pay that tax with outside money should be a large factor in your decision.

Click here to download “To Convert or NOT To Convert in 5 Easy Steps.”

For professional assistance with your Roth IRA conversion, contact our office at 703-466-0477.

Securities offered through Triad Advisors, Inc. LLC. Member FINRA/SIPC.

The information provided for informational purposes only, and does not constitute an offer, solicitation, or recommendation to sell or an offer to buy securities, investment products or investment advisory services. All information, views, opinions, and estimates are subject to change or correction without notice. Nothing contained herein constitutes financial, legal, tax, or other advice. These opinions may not fit to your financial status, risk and return preferences.

 

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