When the Roth IRA was created in 1997, it was a small footnote in the world of Pensions and 401(k)s.  Fast forward 25 years, and the Roth is on everyone’s mind. The big question: Should I convert my Traditional IRA to a Roth?

There are 4 main questions to ask yourself about conversion. First, when will you need the money? The second involves taxes. Should you convert all at once or spread the conversion over a few years? And, finally, what strategies for Roth IRAs are available.

During this discussion, Tom Gibson, CPA, and David Babinski, a Business Consultant and member of your Family Office Team, examine:

  • The different types of IRAs and how they are taxed;
  • Different strategies utilizing IRAs to create multi-generational wealth; and
  • Potential legislation that could affect the different types of IRAs.