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X The Week Ahead – February 3, 2020: 3 Roth Conversion Traps to Avoid After The SECURE Act
Posted on February 4, 2020

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

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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!

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