Roth IRA conversion: Consider an IRA-to-Roth-IRA rollover
Robert Powell Special to USA TODAY To some the Roth individual retirement account, which now represents $1 trillion in assets in the U.S. and is the fastest-growing segment of the U.S retirement markets, is the perfect retirement account. Consider: Contributions (up to $6,000 or $7,000 if you’re 50 or older) are made with after-tax dollars; your money grows tax-free; and withdrawals may be made tax-free after a required holding period. What’s more, unlike a traditional IRA, there are no required minimum distributions (RMDs) for as long as you live. Plus, the distributions won’t incre...
Source: usatoday.com