Retirement Reform Blog

Earlier this year, the NCPA released a Brief Analysis on the 2010 tax law change that allows individuals of any income level to convert a traditional IRA to a Roth IRA.  For most people, the benefits outweigh the costs.  But a New York Times article released today gives some important  tips on how to convert.  If you are considering a Roth conversion, but are not  into following up and paying attention to detail, you may find yourself unintentionally paying the tax bill out of the Roth IRA, as well as a 10 percent penalty.   Most Roth mistakes can be fixed within 60 days of conversion, says the Times.   But procrastinators beware!