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Sunday, August 22, 2010

What the experts are doing with their own Roth IRAs

 

For most of this year I have been advocating the conversion of conventional IRAs to Roth IRAs.  See my IRA blog of 11 March on this page. Here is an article on what financial experts are doing:

https://news.fidelity.com/news/article.jhtml?guid=/FidelityNewsPage/pages/experts-converting-their-own-roth-iras&topic=taxes

 

Remember it almost certainly makes sense to convert if you are more than 10 years from needing the funds and remember also; you can reverse the conversions (called "recharacterization) of your new Roth back to a simple IRA if you change your mind.  Some restrictions apply.

Larry

1:40 pm edt          Comments


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