Englewood, CO (PRWEB) January 7, 2010
“Emotions are the investor's worst enemy”–take the time to evaluate the pros and cons of a Roth IRA conversion before making any big changes in your retirement strategy.
Benjamin A. Tobias, CPA/PFS, CFP, CIMA, discusses the many pros and cons in this new, short podcast offered by the Evelyn Brust Financial Research and Education Foundation on InvestorHelp.com. Mr. Tobias is a contributing faculty member for InvestorHelp.com.
Anyone will soon be able to convert their pre-tax funded IRAs to taxed-upon-distribution Roth IRAs starting in 2010. But is that always the right move? Many factors need to be considered before IRAs are converted.
- Income Tax Bracket: Will you be taxed at a higher or lower rate when the funds are distributed?
- Income Tax Rates: Will tax rates go up or down in the future? Will penalties or ceilings be enacted?
- Charitable Contributions: Will the IRA be donated to a charity?
- Beneficiaries: Will IRA beneficiaries have higher or lower tax rates upon receipt of the IRA?
Tax Payment Scheduling: Will it cost more or less to pay any taxes all at once, or over three years?
Listen to this short Roth IRA Conversion podcast at InvestorHelp.com to learn more.
The recession forced many of us to refocus on our own financial situations. Savvy investors work hard on continuing their financial education to stay ahead of the pack, but there are too many sites and programs available with a strong commercial tie-in, promoting specific products, mutual funds, and brokerage firms.
InvestorHelp.com is different. Created by the Evelyn Brust Financial Research and Education Foundation and funded by a grant from the Brandes Institute, InvestorHelp.com aims to cut through the hype, and provide in-depth, non-commercial financial education to the public, free of charge.
To listen to this new Roth IRA Conversion podcast, or for additional information on this new web site for non-commercial financial education, visit InvestorHelp.com or contact Jennifer Maskrey.
About the Evelyn Brust Financial Research and Education Foundation:
The Evelyn Brust Financial Research and Education Foundation is a 501(c)(3) non-profit organization formed to educate the public about money and investing, providing the tools and knowledge needed for everyone to be able to build secure retirements.
About the Brandes Institute:
A division of Brandes Investment Partners, the Brandes Institute's primary goal is to develop ideas and research that expand the investment community's understanding of market behavior and portfolio management.
Contact:
Jennifer Maskrey
Programs Manager
Evelyn Brust Financial Research and Education Foundation
720.670.6702