Seacoast Online: “The Roth IRA, originally established as an attractive retirement savings vehicle for middle-income Americans, had been out of reach to high-income earners until now. As of 2010, investors of any income can convert retirement plans and IRAs to Roth IRAs. This means that even high earners who convert to Roth IRAs will benefit from the tax-free withdrawal benefits the Roth IRA offers.
There is ample reason to consider a Roth conversion and to discuss this notion with your own tax adviser. Roth IRAs present certain advantages to eligible investors. The Roth affords eligible investors tax-free withdrawals, tax-free growth, no minimum distribution requirements and estate planning benefits.
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