Legal changes that have taken place in 2010 are making Roth IRA conversions and rollovers more attractive to investors than ever. If you’re one of these Rollover IRA/Roth IRA investors, you’ll need to carefully consider the tax implications of rolling over to or converting to a Roth IRA before making any rash decisions that could affect your financial future. (more…)
Posts Tagged ‘Rollover IRA Tax Rules’
Rollover IRA / Roth IRA Tax Rules
Posted by admin on March 31st, 2010
When it comes to Roth IRAs, the most important thing you must remember is that Roth IRAs are not structured like traditional IRAs. Traditional IRAs allow you to make contributions “off the top,” before any taxes are taken out of your gross salary. Contributions to Roth IRAs, conversely, are made with your after tax dollars, or net salary. This difference in the tax status of contributions is evident in almost every transaction involving a Roth IRA. (more…)
