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Should You Convert Your Traditional IRA into a Roth IRA.

traditional ira, roth ira, ira, roth, taxesBy Jon Cordonier
Amerinsur, LLC

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Does rushing taxes ever make sense?

Maybe...

Under a special provision from President Obama's 2009 fiancial relief package, anyone who owns a traditional IRA can choose to convert it to a Roth IRA in 2010.

Why would you consider doing this?

Any money in a Roth, unlike a traditional IRA, is withdrawn without paying taxes whether its is you who withdraws the money or your heirs...

You are also not required to make mandatory withdrawls as you are with a traditional IRA.

BUT there is a price tag.

Since Roth's are funded with after-tax money, when you convert your traditional IRA, you will need to pay income tax on the whole amount.

So why 2010? There are two relief provisions in the law.

So does it make sense for you to convert?

Maybe, but you must look at the numbers as there are some potential traps and mistakes you'll want to avoid...

To help you do that, Amerinsur has teamed up with Greg Shafer, CPA and Estate Planning Attorney, Doug Goldberg to present ROTH IRA conversion seminars and an individual feasibility study customized to your specific situation to help you determine what the potential benefits of a Taxable IRA to TAX-FREE Roth IRA conversion would be for you and your loved ones.

If you would like to attend a FREE seminar or receive a copy of the special report "The ROTH IRA Conversion Tax Recovery Plan" email Brandie or call 800-380-7889.

Jon can be reached by calling 303-500-3058
or email him at: jon@amerinsur.com