As we think of retirement planning, our financial assets predominantly are in 401K plans and IRAs; we need to select a sound strategy to manage our wealth. The strategy should generate a reliable flow of income during retirement and preserve and grow the assets for varied needs during our retirement and at advanced ages. More growth-oriented investments are more volatile and riskier. In short, the strategy should deliver financial security, flexibility and growth. Certainty of income is very important for the peace of mind especially during retirement.

Please review the video at the following website. This is very informative and of just eight minutes long. Should you need more information, let me know.
www.retirementredzone.com

Traditional IRA to Roth IRA Conversion:
Beginning in 2010, all investors will be able to convert their traditional retirement accounts to Roth IRAs.
This offers two unprecedented opportunities:
Tax planning opportunity for future tax environment
Wealth transfers opportunity to next generation.

By making this conversion and holding assets in the Roth account for a prescribed period, investors can withdraw their retirement funds entirely tax-free.

Important Features of Traditional and Roth IRA:
Traditional IRA distribution taxed as ordinary Income.
Traditional IRA Mandatory withdrawal at age 70.5
Roth IRA Conversion taxed as ordinary income and taxes can be paid from outside the IRA.
Roth IRA distribution are not taxed (with some exceptions)
Roth IRA No-Mandatory withdrawals at age 70.5

Roth IRA conversion really becomes beneficial to pass these retirement assets to next generation and take advantage of Stretching.

There is much more to this, and if you want to know that does it make sense for you to do this conversion, please feel free to call or email me.

Should you need additional information or have questions, please feel free to call or email me. I am usually at my desk from 8:30 PM to 10:30 PM doing the paperwork. You can call me at this time as well. During the day you can always get hold of me at my cell phone: 610-613-1924.

Hans R. Sharma, MBA, CFP
Specialize in Retirement Income Planning,
Provide Comprehensive Financial Planning
Services without any conflict of interest
Website: www.sharmah.com email: HansSharmaCFP@gmail.com
Phone & Fax: 610-828-8253, Mobile: 610-613-1924
The highest compliment we can receive from a client is the referral of a friend or a relative.
Home Investments Insurance Estate Planning Charitable Trusts Quarterly Review
India College & Trust Retirement & IRAs College Education Taxes & Forms FAQs Links
Should you have any questions or need additional information, please call or email:
Hans R. Sharma, MBA, CFP
Phone: 610-828-8253
hans@sharmah.com

This page was last modified on February 18, 2010