You won’t be able to make contributions to a Roth IRA if your income goes above a certain level. However, you do have the option to convert a traditional IRA to a Roth IRA no matter how high your income. People often like Roth IRAs because qualifying distributions are tax-free and annual distributions are not required after age 70½. Make sure to consider that a conversion to a Roth is a taxable event as you do your 2018 planning. Let us know if you have questions.
Considering Converting Your IRA in 2018?
By Tami Benus|2018-03-08T08:00:15-06:00March 8th, 2018|Blog|