There’s a lot to like about Roth IRAs, particularly this: when you pull your money out of a Roth in retirement, you will owe NO tax on it. Zero. That’s a great hedge against the growing risk that taxes will be higher in the future (think about the deficit and the trouble in the economy).

You can convert a regular IRA into a Roth if your income is $100K or less, and starting in 2010, the income restriction of $100K disappears! Yes, you will have to pay tax on the sum being converted. But, with proper planning, you can convert your IRA to a Roth in a year like this one where the markets are off and you may have experienced a loss.

Take a look at your financial picture. Is it where you want it to be? Take advantage of this option and grow your wealth in your retirement plan tax free! For more information or questions go to www.theentrustgroup.com.

This entry was posted on Tuesday, October 7th, 2008 at 4:00 am and is filed under Self-Directed IRA. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.