Removing the Guesswork from Your Options
Should you leave your money where it is, take the money and run, transfer it into another account, or rollover your money into an IRA?
Knowing which option to take can be confusing and overwhelming, but that’s where we come in. We can help you plan and execute the ideal option for you, allowing your money to potentially grow tax-deferred while providing you with more customizable investments.
Know the Pros, Cons, and Alternatives
to Roth Conversions
Converting a traditional IRA to a Roth IRA can help provide tax-free growth potential and tax-free withdrawals in retirement. However, it’s important to first make sure that a Roth conversion is right for you.
Many retirees convert their traditional IRA – subject to income taxes on all earnings and deductible contributions – only to discover that they would have been better off if they hadn’t converted their Roth.
Our experienced team at Horizon Wealth can help you navigate all your options so you can have better confidence in opting for a Roth conversion or deciding against one.
Please remember that converting an employer plan account to a Roth IRA is a taxable event. Increased taxable income from the Roth IRA conversion may have several consequences. Be sure to consult with a qualified tax advisor before making any decisions regarding your IRA.
Want to know if a Roth Conversion is the best move for your retirement?
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