• Is a Roth Conversion Right for You?
  • February 19, 2010
  • Law Firm: Goulston & Storrs A Professional Corporation - Boston Office
  • Beginning January 1, 2010, all owners of traditional IRAs, regardless of income level, will have the opportunity to convert all or a portion of such accounts to a Roth IRA. Despite what you may have heard, a Roth conversion is not for everyone, particularly those who do not wish to pay an up-front income tax and those whose estate plans include significant charitable bequests. Because a Roth conversion typically will result in some income tax for the IRA owner, the decision to take advantage of the Roth conversion opportunity requires analysis of the tradeoffs, which in turn depends upon a number of factors.