Roth IRA Conversions

Beginning in 2010 the previous limitations on individuals with Traditional IRAs or qualified employer sponsored retirement plans, such as 401-Ks and 403-bs, to convert these accounts to Roth IRA are repealed. Furthermore, now is a good time to look at any retirement plans held with previous employers.  There are great planning opportunities available in light of recent changes and you may be a good candidate. 
If any of the following relate to your current situation or are of interest to you please contact us: 
  • You would like to reduce your Income Tax Cost. 
  • You had little, reduced and/or no income in 2009.
  • You anticipate having reduced, little or no income in 2010, 2011 or 2012. 
  • You have 401-K or 403-b plans from previous employers that you have not rolled over to a self directed IRA (Roth or Traditional). 
  • You are interested in passing significant wealth to heirs while reducing your income and estate tax costs.
  • You would like to covert any portion of your Traditional IRAs, SEP IRAs, 401-Ks, 403-bs to a Roth IRA and avoid future tax on distributions. 
  • Continued tax deferred and/or tax free growth. 
If any of these resonate with you and you would like to discuss your options further please call me to schedule a time to meet. We can discuss what options are available to you and what best suits your situation.  I look forward to hearing from you soon.

Joseph M. Dowling, CPA                                 Sean M. Dowling, CFP
President, The Dowling Group                         Vice President, The Dowling Group