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  Q. Which of the following factors tend to make the idea of converting a traditional IRA into a Roth IRA more attractive? 

  a.Your current tax rate is lower or about the same as what you expect to pay during your retirement years.
  b. The value of your traditional IRA has taken a beating due to the stock market's poor performance.
  c.You've made nondeductible contributions to a traditional IRA.
  d.All of the above.

The answer is d

Now might be a great time to consider converting your traditional IRA in to a tax-free Roth account. However, not everyone is eligible and your individual financial circumstances must be carefully considered before you make the transaction.

Please call or e-mail Paul D. Brick, CFP®, Financial Advisor for Stambaugh Ness Financial Strategies, to discuss whether a Roth conversion makes sense for you. You may contact Paul at 717-757-6999 or 800-745-8233 or send an email to him by using the form below.


Securities offered through 1st Global Capital Corp., Member FINRA & SIPC. Stambaugh Ness Financial Strategies and 1st Global Capital Corp. are unafilliated entities.
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Our firm provides the information in this e-newsletter for general guidance only, and does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation. Tax articles in this e-newsletter are not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer. The information is provided "as is," with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.

IRS Circular 230 Notice: To ensure compliance with requirements imposed by the IRS, we inform you that any US tax advice contained in this communication is not intended or written to be used, and cannot be used, for the purpose of avoiding penalties under the Internal Revenue Code.

Securities and advisory services offered through Geneos Wealth Management, Inc. Member FINRA/SIPC. Geneos Wealth Management, Inc is not affiliated with Stambaugh Ness.