COVID-19 UPDATE: We are committed to serving you during these uncertain times. Our staff is available via phone, email and virtual meetings during normal business hours. If you have any questions, please reach out to your RCG advisor or call 407‑422‑0252.
Roth conversion questions are bubbling up with the concern that personal tax rates will be higher in the future. While we can’t predict when taxes may go up, they are certainly the lowest they’ve been in many years. So, it’s natural to wonder: What circumstances might make a Roth conversion beneficial?
The holiday season is upon us and our mailboxes are not only filling up with catalogs and holiday cards but also requests from charities to make a gift before year-end. As we celebrate with our loved ones, we tend to think a little more about those who are less fortunate, and many charitable organizations see a substantial spike in donations.
Social Security benefits are a pension plan of sorts. You have a variety of options: take the money early, take it at full retirement age (FRA), or take it later. If you are approaching age 62, this is a critical time for making that decision and RCG can help – especially with the knowledge and wisdom.
Three situations collectively offer a strong chance of a long-term benefit from converting to a Roth IRA.