3682 North Wickham Road
If converting a Traditional IRA to a Roth IRA, you may owe ordinary income taxes on any previously deducted Traditional IRA contributions and on all earnings. Unless certain criteria are met, Roth IRA owners must be 59½ or older and have held the IRA for five years before tax-free withdrawals are permitted. Additionally, each converted amount may be subject to its own five-year holding period. Converting a traditional IRA into a Roth IRA has tax implications. This information is not intended to be a substitute for any legal advice. Investors should consult a tax advisor before deciding to do a conversion.
firstname.lastname@example.org | 321-751-5599