The role of a Roth IRA conversion in your plan

To lower the taxes you pay in retirement. Because money deposited in a Roth is from after-tax income, you don’t pay income tax when you withdraw the funds in retirement.


Is a Roth IRA conversion for you?

If you pay the taxes on the converted amount now, you’ll watch your money grow tax-free for longer and enjoy tax-free withdrawals in retirement. While traditional IRAs require minimum distributions at age 72, in a Roth, you are not required to take any distributions during your lifetime, allowing you to leave a tax-free inheritance to your beneficiaries.
 

Stat

Beneficiary IRAs must be closed out in 10 years. Distributions from a Roth Beneficiary IRA are not taxable events.


Why United Wealth Management

We’re always striving to do right by you—to educate, empower and guide you to a more prosperous future. These tools with our guidance go a long way.
 
Traditional IRA account owners have considerations to make before performing a Roth IRA conversion. These primarily include income tax consequences on the converted amount in the year of conversion, withdrawal limitations from a Roth IRA, and income limitations for future contributions to a Roth IRA. In addition, if you are required to take a required minimum distribution (RMD) in the year you convert, you must do so before converting to a Roth IRA.
 
 
 
 
 
 
 
 
 
 

Real Solutions for Real Life

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Preparing for initial meeting

Gather financial statements and start a list of your current and future financial goals.
 
United Wealth Management Advisor

Our advisors

As your wealth management partner, we’re united in our mission to help you pursue your financial goals.
 
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Education and tools

A few simple resources, like market information and calculators, can make managing your money so much easier.