A big financial planning topic being discussed for 2010 is the conversion of an IRA into a Roth IRA. You may be wondering why all the buzz? In theory, it sounds great: distributions from a Roth IRA are tax free in retirement. But in practice, paying the taxes now may not make sense. This brief paper will answer when and under what conditions does it makes sense to convert an IRA into a Roth IRA. We offer some general thoughts and guidelines, and encourage you to review your situation with tax planners, investment and estate advisors.
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