The Week Ahead – February 3, 2020: 3 Roth Conversion Traps to Avoid After The SECURE Act

secure act

Roth conversions can be a powerful tax and retirement planning technique. The idea behind most Roth conversions is to take money from an IRA and convert it to a Roth IRA. Essentially, you’re paying taxes today instead of paying taxes in the future.

The Tax Cut and Jobs Act lowered taxes for many Americans and with the SECURE Act Roth IRAs became even more powerful as an estate planning vehicle to minimize taxes, so it’s a convenient time to take advantage of Roth conversions. However, Roth conversions can come with some issues. Before you engage in one, be aware of these common problems as it can be hard to undo the transaction.

Read the Full Article Here!

Stay updated with:

The Weekly Market Commentary

Check out all this and more in The Week Ahead, Taylor Financial Group’s weekly newsletter.

Just Click Here!

Or, if you aren’t subscribed to receive our newsletter via email, sign up below in the webpage footer!

Have a question for Debbie about retirement planning in Ramsey, NJ?

Click here to schedule your complimentary phone consultation!

Business professional using his tablet to check his financial numbers

401(k) Calculator

Determine how your retirement account compares to what you may need in retirement.

Get Started

Get in Touch

In just minutes we can get to know your situation, then connect you with an advisor committed to helping you pursue true wealth.

Contact Us