ROTH IRA Conversion
You need professional help making this decision
Ed Slott was named as
“The Best” source for IRA advice by The Wall Street Journal
and called
“America’s IRA Expert” by Mutual Funds Magazine.
In his book, “Stay Rich for Life”, Mr. Slott wrote the following:
“Taxes will be the single biggest obstacle to building wealth. Therefore, managing taxes is essential, especially in an environment of rising tax rates, which is where we are headed. This is why your retirement savings focus should be on ROTH IRAs.
“The amazing ROTH IRA takes the uncertainty out of how high future tax rates will rise because, when you start withdrawing, every dollar is tax free (assuming you are at least age 59 ½ and the account is at least five years old): thus, you are assured a zero percent tax rate when you collect. Do all the projections you want, but you cannot beat a zero percent tax rate!
“Unlike a tax-deferred account, you never have to withdraw the money if you don’t need it. With a traditional tax-deferred account, you must start withdrawing (even if you don’t want to) and start paying back all that income tax after age 70 ½ because that’s payback time for the IRS. But a ROTH IRA can grow tax-free for you and your family forever.
Let’s set a time to review whether or not a ROTH IRA is best for you.
