How to Recharacterize a Roth IRA Conversion

RELATED CONTENT

5 Costly Mistakes to Avoid With IRAs and Retirement Plans

A little bit of knowledge about IRA rollovers, conversions, and distributions can be very dangerous. Gung-ho clients (and even their CPAs and attorneys) may know just enough to land them with a huge tax bill. Of course, you will have the facts to keep their retirement plan on track.

The Intricacies of Funding and Tapping a Roth IRA

The new tax law drastically increases the number of taxpayers who will have future access to Roth IRA types of accounts. Be prepared to discuss the planning opportunities that may exist given the new rules on contributions, conversions, taxes, distributions, and holding periods.

Is a Roth Conversion Right for Your Client?

Starting in 2010, wealthier Americans are eligible to convert traditional IRA savings to Roth savings, a potentially attractive retirement and estate-planning choice for those who want to pass a substantial sum to their heirs tax-free.

How to Avoid Taxes on Roth IRA Withdrawals

You can take money out of a Roth IRA at any time, but if you fail to pass the qualification tests, you could run afoul of the ordering rules. Here's an overview of how to liquidate Roth IRAs correctly to minimize taxes and penalties.