With 2010 Tax Law Changes creating a ONCE- in - a- Lifetime Opportunity for Retirees and those planning for retirement. The new law lets everyone enjoy the tax free benefits of a ROTH
IRA account even if you are earning more than $100,000 a year. Effective January 01, 2010 everyone can convert their Traditional IRA or other Qualified retirement plan to a ROTH IRA - regardless of income. The ROTH IRA is your "ace-in-the-hole" because it minimizes the exposure of your money to the taxing arm of the IRS.
These are the benefits of a ROTH IRA:
* Your retirement account grow TAX-FREE.
* Your distributions is TAX-FREE. ( Please note the 5 year rule and the 59 1/2 rule).
* Pass on a lifeime of TAX-FREE distributions to your children and/or grandchildren.
* You are in control because there is no Required Minimum Distributions.
CAUTION!!! Before you jump on the ROTH Conversion bandwagon, get the facts you need to make an informed decision. Consult a reliable, knowledgeable IRA specialist. This is a tremendous opportunity ALRIGHT ! only if done correctly. This could prove to be a costly mistake for others when not done properly.
Ask Arlene
Welcome to Arlene Brown's
Roth IRA Conversion
Educational Blog
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