Roth IRATax planningUpdated for 2019

How to Use a Roth IRA, Even When You Earn Too Much

By April 3, 2018October 15th, 2020No Comments

If you have an old 401(k) or 403(b) retirement plan, now may be a good time to consider converting to a Roth IRA. Diversifying your retirement savings can really pay off down the line for some investors.

After the new tax code was signed into law in December 2017, many taxpayers will benefit from lower marginal tax rates for the next few years. This may present an opportunity for some investors to convert funds from tax-deferred retirement savings account to a tax-free Roth IRA.

Darrow advisor Kristin McKenna, CFP® explains the pros and cons of converting an old 401(k), 403(b), or traditional IRA to a Roth IRA.

Sign Up for Weekly Investing Insights