232 HERITAGE PARK DRIVE, SUITE # 102

MURFREESBORO, TN 37129

Contact Us Today!
(615) 900-1441

lindsey@risolutions.net

232 HERITAGE PARK DRIVE, SUITE # 102

MURFREESBORO, TN 37129

Roth IRA Conversion

Should I convert to a Roth IRA?

A Roth IRA is a great way for clients to create tax-free income from their retirement assets. Yet, keep in mind that when you convert your taxable retirement assets into a Roth IRA you will generally pay ordinary income tax on the taxable amount that is converted. The conversion amount is not subject to the 10% early distribution penalty. Your tax-free potential is maximized if you pay the taxes from your current income or personal savings and not from your IRA. Individuals of all income levels are eligible to convert to a Roth IRA.

Due to the “Safer at Home” order, we are restricting appointments to either virtual or over the phone only. Our wish is to keep everyone safe in these uncertain times.

If you have any questions, please call us at (615) 900-1441. We are still currently working from our office and can answer any questions you may need answered over the phone.

Stay Safe! – The Retirement Income Solutions Team