The tax laws have changed to allow anyone to convert to a Roth IRA regardless of income. With a Roth IRA conversion you pay more in taxes up front, but then your money grows tax free and can be withdrawn tax free. This means that even if tax rates climb, your Roth IRA money gains can never be taxed.

We believe most investors should consider including a Roth IRA as part of their overall retirement savings plan. If you’ve already started saving in another retirement account, converting to a Roth IRA may help you minimize taxes and maximize your retirement savings. Before deciding you should consider these three key factors:

1. Taxes—If you anticipate a higher tax rate in retirement or plan to leave your savings to your heirs, you may want to consider a Roth conversion.

2. Time—Generally, if you have 10 years or more before you begin to take withdrawals, a conversion is likely to benefit you.

3. Cost—Can you cover the cost of the taxes you'll need to pay with cash or other non-retirement savings? If not, it might not be advantageous to convert.

We know that making decisions when it comes to your taxes and investments can be daunting which is why we use our experience to help you make decisions based on your specific needs and situation.

Integrity Financial Partners, Inc.

11 Broadway, Suite 615

New York, NY 10004

646-435-1506 ext. 704

Other Locations

60 East 42nd Street Suite 4600

New York, NY 10165