Our daily roundup of retirement news your clients may be thinking about.
Use a Roth conversion to achieve lower tax bills Transferring assets from a traditional IRA or 401(k) plan into Roth IRA is a decision that will have a great impact on a client's tax obligations and may be a good move depending on individual circumstances, according to Forbes. This article discusses how a 60-year old retiree with $600,000 in traditional IRA balance can lower her future required minimum distributions from Social Security and subsequently eliminate taxes on her benefits when she reaches 70½ by converting an amount of her IRA to Roth IRA. --Forbes
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