Friday, May 14, 2010

Roth IRA Conversions: Is this the time?

Beginning in 2010, tax regulations were amended to allow all investors to make full or partial conversions from a Traditional IRA to a Roth IRA, regardless of their income. And a special rule is in effect for conversions made in 2010 permitting one half of the taxable portion of the converted assets to be declared on a 2011 tax return and the other half in 2012.

It’s a complicated decision and many different factors should be taken into account before making it. To shed some light on the subject, Glenn C. Guerin, a Certified Financial Planner who works within Peapack-Gladstone Bank's Trust Department, will present an overview on Thursday, May 20 at 7:00 pm at Bernardsville Public Library. He will talk about the 2010 Roth conversion rules and changes; reasons to consider a conversion (this year or later); and the tax implications in 2010 and beyond.

Mr. Guerin is licensed through LPL Financial as a financial consultant. He has a Master's Degree in Finance and has provided investment and financial planning advice for over 26 years.

There is no charge to attend the program, but advance sign-up is requested. Register online at and follow the link under Adult Programs, or call the library at 908-766-0118 to sign up.

Note: Securities and Insurance products offered through LPL Financial, Member FINRA and SIPC. NOT FDIC insured, NOT Bank guaranteed, NOT a deposit, NOT insured by any Federal Government Agency, and may lose value.

Peapack-Gladstone Bank is not affiliated with LPL Financial.

No comments:

Post a Comment