Roth IRAs (“Roth”) have been out of reach for many taxpayers because of income limitations imposed by the IRS. These same taxpayers have also been denied the ability to convert a Traditional IRA to a Roth IRA by a separate, but similar, income restriction. But the rules regarding conversion changed over time. Having the optionContinue reading “Conversion of Traditional IRAs to Roth IRAs”
Tag Archives: Roth IRAs
Inherited IRAs are taxable, Roth IRAs and Index Universal Life Policies are tax-free retirement funds
Supreme Court has ruled that inherited IRAs are not retirement funds, are taxable and creditors can find it (even when the owner shielded it inside a trust). Call Connie Dello Buono 408-854-1883 motherhealth@gmail.com for IUL with zero market risk, tax free and with living benefits , access to funds when health threats occur. Returns fromContinue reading “Inherited IRAs are taxable, Roth IRAs and Index Universal Life Policies are tax-free retirement funds”