Roth IRA, Traditional IRA, 401K » Conversion

Accounting: Weighing the pluses and minuses of Roth IRA conversion

admin — Fri, 02 Jul 2010 21:19:41 +0000

Accounting: Weighing the pluses and minuses of Roth IRA conversion
Also: Finance bill excludes extension of COBRA subsidy

Roth conversion may impact financial aid

admin — Sun, 23 May 2010 01:47:43 +0000

Roth conversion may impact financial aid
A Roth conversion could impact your student’s financial aid package, but you can address the problem.

Roth IRA Conversion: No Consumer Rush on Tax-Free Switch

admin — Sun, 11 Apr 2010 12:47:35 +0000

Roth IRA Conversion: No Consumer Rush on Tax-Free Switch
Convert your IRA to a tax-free Roth IRA, the financial advertising says. But so far, few retirement savers are taking the cue

New opportunities arise for Roth IRA conversion

admin — Sun, 11 Apr 2010 12:47:12 +0000

New opportunities arise for Roth IRA conversion
according to Edward Jones financial advisors in the local community. traditional IRA.

Survey Finds Most Americans Unaware of New Roth IRA Conversion Options

admin — Sun, 04 Apr 2010 12:43:03 +0000

Survey Finds Most Americans Unaware of New Roth IRA Conversion Options
ST. LOUIS—-A new survey commissioned by online investing firm Scottrade finds most Americans are unaware of the new 2010 Roth IRA conversion rule changes that removed the $100,000 income limit for certain IRA conversions, an option that will benefit many of those who are unfamiliar with the new rules.

4 steps to undo a Roth IRA conversion

admin — Sun, 04 Apr 2010 12:42:40 +0000

4 steps to undo a Roth IRA conversion
Follow these four helpful hints to correctly recharacterize your Roth to a traditional IRA.

2009 Roth Conversion‏

admin — Fri, 12 Mar 2010 01:22:00 +0000

2 Questions:

1. I am retired with only a pension as income. I have not contributed to an IRA for several years. Am I allowed to convert some of my traditional IRA money into a 2009 Roth IRA?

2. What is the deadline for the transaction mentioned above? Is it 12/31/2009 or is it 4/15/2010?

Who can help with a IRA – Roth Conversion strategy?

admin — Wed, 30 Dec 2009 01:02:08 +0000

I have an IRA in the 6 figures range. In 2010 anyone regardless of AGI will be allowed to convert IRA accounts to Roth IRA accounts. The advantage of this is that all future gains will be tax free.

The rules regarding what IRA investments can be in are rather loose so you are not restricted to just stocks, bonds and the usual stuff.

Under this conversion, I’ll need to pay tax on the value of my account that has not previously been taxed.

I am thinking that there might be a way (loophole) to have my IRA invested in something that has an artificially low value at the time of conversion (2010) but has a high value in 2011 or other time in the future. What ideas do you have of such a scenario?

Survey Finds Many Investors Ambivalent to New Roth IRA Conversion Opportunity

admin — Mon, 14 Dec 2009 12:41:08 +0000

Survey Finds Many Investors Ambivalent to New Roth IRA Conversion Opportunity OMAHA, Neb.—-There is no mad dash to convert to a Roth IRA when the rules change in January, making those with income over $100,000 newly eligible for such a conversion, according to a panel of over 1,000 TD AMERITRADE Holding Corporation’s retail investor clients. Read more on Business Wire via Yahoo! Finance