Personal Finance Buzz

2010 has a Roth IRA conversion event where all sorts of people will be eligible to convert their Tradional IRA to a Roth IRA. Is it a good idea?

The 2010 Roth IRA conversion deadline is approaching quickly. There certainly have been a lot of proponents pushing the great opportunity of the Roth IRA conversion. But just because it’s available to everybody doesn’t mean it’s the best opportunity

Converting to a Roth IRA is not new, so what with all the buzz about about this Roth IRA Conversion event in 2010? What makes it such a big deal is that up until then, most people couldn’t convert to a Roth IRA because their income was too high. For example, in 2009 if an individual or married couple have an AGI of over $100,000 the conversion is not an option. But in 2010, all that changes and that’s what makes it that exciting. Many people who have been salivating on the tax fr...

Financially speaking, the country is facing a lot of uncertain times when it comes to retirement and estate planning as the year progresses. There are a lot of questions about investments, particularly with the increasingly popular Roth IRA. It is becoming a popular choice for those looking for retirement accounts and for 2010 the incentives to convert old accounts to a Roth IRA are big.

How To Do A Roth Recharacterization And Avoid Costly Mistakes. A Roth recharacterization is a “do over”. It’s undoing a Roth conversion. If you do a Roth recharacterization, you have until October 15th of the year after you convert to a Roth, to undo it. So if you converted to Roth in 2010, you have until October 15, 2011 to undo it.

2010 is a magical year for conversion to the Roth IRA retirement account. Here are 6 things to know about 2010 Roth IRA conversion before you take the plunge.

The 2010 conversion loophole comes with enticing tax advantages. Should you convert?