Roth IRA Conversion Strategies

Is converting your traditional IRA to a Roth IRA right for you? There are many factors to analyze when considering a conversion. Comparing your tax bracket today vs. your tax bracket at the time of IRA distributions is just the beginning. Let the professionals at DHJJ Financial Advisors help determine whether a conversion makes sense for you. We can lay out the advantages and possible disadvantages of a conversion based on your situation. We will also help determine the optimal amount to convert and look at conversions over multiple years in pursuit of maximum tax savings.

roth ira conversion strategies - roth ira conversion in Naperville

There is a strategy involving multiple conversions in a single year that we can implement that involves using separate asset classes in separate conversion accounts. This can lead to a larger amount growing in a Roth conversion account. This strategy involves monitoring the multiple conversions and recharacterizing (or undoing) some conversions as necessary. We can manage the entire process or provide you with the steps you need to follow.

No traditional IRA? If you have a 401(k), we can help you look at a possible conversion to Roth 401(k).

Converting to Roth can yield significant tax savings. We are happy to discuss this opportunity with you. Contact DHJJ Financial Advisors at 630.420.1360.


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