RothConversions.Com Web Site
The purpose of this site is to provide technical and planning information on Roth IRA Conversions as well as information on Brentmark products that illustrate Roth IRA Conversions.
From IRS Publication 590,
Individual Retirement Arrangements (IRAs):
Conversions to Roth IRAs. Beginning in 2010, the modified AGI and filing
status requirements for converting a traditional IRA to a Roth IRA are
eliminated.
Also, for any 2010 rollover from an IRA other than a Roth IRA to a Roth IRA, any amounts that would be included as income will be included in income in equal amounts in 2011 and 2012. You can choose to include the entire amount in income in 2010.
| Title | Description (Publication and Date Published) |
| George W. Bush's 2010 Tax Miracle | Article by Donald L.
Luskin (Wall Street Journal, 4/15/10) Quote: The tax and estate planning benefits are so compelling that the wealthiest Americans are likely to convert in droves. When the conversions are reported next year in tax-year 2010 filings, that's going to drive hundreds of billions of dollars in unexpected revenue. |
| For Shift to Roth I.R.A., Know the Pitfalls to Avoid | Article by Deborah L.
Jacobs (The New York Times, 3/3/2010) Quote: CONVERTING a traditional individual retirement account to a Roth I.R.A. is a widely discussed financial planning tool right now, but the mechanics can be tricky. The process is new to many people, because until this year, you were shut out of a Roth if your adjusted gross income was more than $100,000. |
| Article by Ed Slott (Financial
Planning, 3/1/2010) Quote: The Roth IRA conversion floodgates are open. But while the attraction of "tax-free forever" can be powerful, Roth conversions can trigger unintended tax traps and financial problems that are often not addressed until it's too late. |
| Title | Description |
| IRS Publication 590, Individual Retirement Arrangements (IRAs) (for 2009 returns) |
This publication discusses individual retirement arrangements (IRAs). An IRA is a personal savings plan that gives you tax advantages for setting aside money for retirement. |
| Title | Description |
| Ed Slott's IRA Advisor | This excellent publication is only $125 for a one-year subscription including many back issues. |
| Brentmark Software | Brentmark®
has the following software product that handles Roth IRA Conversions: Retirement Plan Analyzer |