Roth Conversion 2010 – Edward Jones: Making Sense of Investing

Now Anyone Can Convert Roth Header Image

What is a Roth IRA?
A Roth IRA is designed to help you save for retirement and allows after-tax contributions in exchange for potential tax-free income in retirement.

What has changed?

The $100,000 income limit to convert to a Roth IRA was removed, which means that everyone is now eligible to convert. A conversion is usually reported as income for the tax year the conversion takes place. In 2010 only, you are able to split your conversion amount and report it as income for tax years 2011 and 2012.
Why should you talk to an Edward Jones financial advisor?
We will meet with you for a complimentary personalized analysis that will provide practical information and help determine if a conversion is right for you. Start the conversation today.

via Roth Conversion 2010 – Edward Jones: Making Sense of Investing.

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Posted on July 5, 2010, in Economy. Bookmark the permalink. Leave a comment.

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