Good Financial Reads: Roth IRAs

Should I Do a Roth Conversion This Year Strategy Guide

by Lucas Casarez, Level Up Financial Planning

With the end of the tax year approaching for 2019, you may want to consider whether you should do a Roth conversion. A Roth conversion is an underutilized financial planning tool that many individuals and even financial planners overlook! The new tax reform, which effectively lowered the tax burden for many Americans made this strategy even more attractive than in previous years. How do you know if it is the right strategy to implement this year?  

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Roth or Not

by Craig Joncas, Penobscot Financial Advisors

The 1997 Taxpayer Relief Act, like most tax code overhauls, was born out of bits and pieces of manipulation. The most memorable of these was an initiative brought forth by Senator William Roth of Delaware.  The Individual Retirement Account, legislated into existence in 1974, had become a staple of individual retirement planning, with tax-deferred assets in the trillions of dollars. 

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The Great Roth Conversion Debate

by Craig Joncas, Penobscot Financial Advisors

One of the first ‘new things’ I encountered in the business came as a result of the Taxpayer Relief Act of 1997.  A bill sponsored by senator Bob Roth of Delaware became part of the Act and allowed for non-deductible IRA contributions to be made to a new kind of IRA that would grow completely tax-free.

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Roth IRA Contributions 

by Michelle Smalenberger, Financial Design Studio

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