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We’re committed to relieving the tax burdens of businesses, individuals, and families. With a careful assessment of your situation, our tax professionals develop a uniquely customized strategy for your tax planning needs with the objective of minimizing your tax liability. 

BENEFITS OF A ROTH IRA IN A SLOW MARKET

BENEFITS OF A ROTH IRA IN A SLOW MARKET

With the recent decline in the stock market and possible decrease in the value of your IRA, it may be an opportune time to convert your traditional IRA to a Roth IRA. Benefits of a Roth IRA include:

  • Investments grow tax free
  • Qualified distributions are tax free
  • The ability to make contributions beyond age 72
  • No required minimum distribution at age 72.

There are many factors to consider before deciding to convert to a Roth IRA, including, but not limited to, the amount of taxes due on the conversion, your age, your current tax bracket, your expected tax bracket at retirement, your available cash flow to pay the current taxes, and the expected rate of return on your investments.

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