Monday, April 26, 2010

 

Roth conversions: Beware the hype

Since the ban on converting to a Roth IRA by folks making more than $100,000 was lifted this year, the buzz surrounding conversions has been deafening.

Everywhere you turn, some adviser or investment firm is blaring the benefits of switching to a Roth: Tax-free withdrawals! Tax-free returns! A tax-free legacy for heirs! But before you hop on the bandwagon, keep the following in mind...

CNN: Roth conversions: Beware the hype

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