Tax savings

Why Should I Consider a ROTH Conversion?

by St. John & Assoc on Dec 1, 2017

Roth conversion, Tax savings, IRA to ROTH, maximize tax savings

Each year there is the opportunity to convert some or all of your IRA account assets to a ROTH account. The purpose in doing so is to eliminate the Federal and State tax on any future distribution amounts and enable you to withdraw funds earlier without penalty. Funds including gains held in ROTH account can be distributed tax-free subject to some manageable restrictions.

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