Beware of Roth Conversions Video
The talk of 2010 is the ability to convert your Traditional IRA to a Roth IRA and spread the taxes out over a two year period. What are the pro’s and con’s of such a move? Is it right for everyone? Since we all believe taxes will go up in the future, doesn’t it make sense to eliminate that future tax situation now? Learn the Facts! We will examine four sample client situations:
1. Retiree
2. Age 50+ person
3. 30 & 40 Something person
4. CPA mistakes in advising clients to ’save on taxes’
Excellent analysis. Have talked to many tax preparers in the past who automatically put me into IRAs. Now I wish I would have known more.
31 yr old here who just converted my IRA, which was made up of past 401k, into a Roth IRA. Seemed like the right thing for me. I will tell you though Brian I will be investing in dividend stocks in this account.
Fantastic Jarrod….you probably made a very wise decision! As to the dividend stocks, individual stocks are highly risky for most people to own and will have very wide price swings. Make sure you understand that and can handle it when it occurs….Thanks for joining in on the discussion!
You and Jim should feel proud because you two have the best radio show on finance in the country. Trust me I know because I listen to all of them. I tell all my buddies about you two. I do not agree with everything you present but you two no doubt make the average investor smarter and wiser. Thanks for posting the radio show on your site now to listen too.