mstorfer's blog

A unique opportunity is about to unfold for current IRA owners… In 2010 all clients are eligible for a Roth Conversion with no income limits prohibiting the conversion.

The Roth IRA permits tax-free growth and tax-free income distributions in retirement (assuming you are age 59.5 or older and have held your Roth account for a period longer than 5 years). You may also contribute to your Roth IRA at age 70.5 without having to take mandatory withdrawals. This makes the Roth extremely attractive for younger investors.

What is a baby boomer? If you were born between 1946 and 1964, then you probably are familiar with the term. Many baby boomers are the product of parents who survived The Great Depression. Yet as baby boomers approach retirement age, many financial experts feel that they may be more ill-prepared financially than their parents for retirement.