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Is it time to convert your retirement accounts to a Roth IRA?
If you don’t act, taxes could take a huge chuck out of your retirement income. Each year as many as 50 percent of current retirees lose a collective $38.9 billion to federal taxes. Why? Once your countable income hits a specific amount, $32,000 for married joint filers or $25,000 for single, at least a portion of all Social Security benefits are taxed. In Christy Bieber’s article appearing on www.fool.com she explains how now is the time to convert your retirement accounts to a Roth IRA. Read Ms. Bieber’s article here…
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