Latest News
Roth IRA: How a well-timed conversion could yield sweet tax savings for retirees
If you are a retiree with a traditional 401(k) or IRA, there may be a window of opportunity for you to convert a significant portion to a Roth IRA tax-free. You can take advantage of this Roth IRA conversion if you’re not working, not yet living off your retirement savings, and not yet drawing Social Security. Baby boomers are now retiring at an unprecedented rate. As a retiree, there may be a window of opportunity for you to convert a significant portion of your IRA or 401(k) to a Roth IRA tax-free. First, let’s revisit the advantages of a Roth IRA conversion:…Read More
This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.