Welcome to our library of Personal Planning Videos – Roth IRAs offer a few different components that make it different from traditional IRAs, including limits on who can contribute, the ability to withdraw your earnings in retirement tax-free and other benefits worth considering.
Dr. Jason Van Duyn walks you through what exactly a Roth conversion is, how works, and whether or not it might be a strategy that works for you.
Converting a traditional IRA to a Roth IRA makes sense. But why do so few people use Roth’s? Learn more about the history of Roth Conversions and how it benefits American households
Dr. Jason Van Duyn discusses the basic rules that we all must know when we are likely to convert our pre-tax savings from a traditional IRA to a Roth IRA.
Dr. Jason Van Duyn discusses when is the best time of year to make a Roth Conversion. Should you take advantage of the growth in the stock market or wait until the end of the year to take advantage of capital gains, dividends, or interest on investments?
Dr. Jason Van Duyn discusses the four important steps of Roth conversion which include opening IRA, transferring funds into IRA, Paying the taxes, and converting the account into Roth IRA.
Dr. Jason Van Duyn discusses whether a Roth Conversion is right for you. This is always a hard question to discuss because each person’s or family’s situation is so different.
Roth IRAs have always been quite enticing as it brings the idea of “tax-free income” which is so inviting and attractive, but as you know everything has its own downsides, and so does the Roth IRA.
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.
There is no assurance that the techniques and strategies discussed are suitable for all investors or will yield positive outcomes.
Traditional IRA account owners have considerations to make before performing a Roth IRA conversion. These primarily include income tax consequences on the converted amount in the year of conversion, withdrawal limitations from a Roth IRA, and income limitations for future contributions to a Roth IRA. In addition, if you are required to take a required minimum distribution (RMD) in the year you convert, you must do so before converting to a Roth IRA