Explore the Opportunity

Beginning in 2010, all taxpayers, regardless of their income or tax filing status, will become eligible to convert assets to a Roth IRA. If you have been ineligible to accumulate Roth IRA assets because your income is too high or because of your tax filing status, you may now be able to enjoy the benefits associated with owning a Roth IRA through a Roth IRA conversion.

There are several things to consider when deciding if a conversion to a Roth IRA is a smart choice for you. You may want to consider a Roth conversion if you will not be withdrawing the money for a while and believe that your tax rate will increase in the future. In addition, having assets in multiple types of accounts, such as traditional pre-tax retirement accounts, Roth IRAs and taxable accounts can provide you with future tax diversification. However, a Roth IRA may not be a good option for you if you expect your tax bracket to be lower in retirement.

We can assist you and your tax advisor in reviewing your circumstances and help you decide if a Roth IRA conversion is appropriate for your immediate needs and long-term goals. For more information on Roth IRA conversion, contact us or refer to the Additional Roth IRA Information table on this page.