Project Management

Employee Benefits And Retirement Planning: The '10 Spot

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Executive Summary

This big change involves a financial transaction known as Roth IRA conversion. Simply put, this conversion amounts to taking an investor's traditional IRA, which is typically funded with pre-tax dollars but pays out taxable income upon retirement, and changing it to a Roth IRA, which uses current after-tax contributions to eventually pay out tax-free retirement benefits. For many, the attraction of shifting more of one's retirement funds from a standard IRA, which also has strict age and minimum disbursement rules, to an investment vehicle with no future tax liability or age-generated payout requirements, like a Roth IRA, is apparent. But up until now, the IRS had set strict limits upon when and how someone could be eligible to execute a Roth conversion.

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