Advisor Alert A Downside to Roth IRA Conversions—College Aid May Be Jeopardized
Author: Staff Editors.
Source: Volume 09, Number 05, July/August 2010 , pp.11-11(1)
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Abstract:
This year is expected to be a banner year for taxpayers converting their standard IRA accounts to Roth IRAs, as this is the first time that privilege is available to taxpayers with over $100,000 in income. Also, 2010 offers an extra benefit for top-bracket individuals taking advantage of this privilege, as higher income tax rates are expected in the next year or two, as the 2001 tax cuts expire.Keywords:
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