A New Year Brings Changes to Roth IRA Rules


A new year will usher in changes to Roth IRA “conversion” rules, which will

result in long-term tax-free growth for those who take advantage of the new

rules. A Roth IRA differs from a standard IRA in several ways. Distributions

received from a standard IRA are taxable at a taxpayer’s marginal income tax

rate, whereas Roth IRA distributions are not taxable. Also, taxpayers are

required to take “minimum distributions” (and pay tax) from a standard IRA

when they reach age 70 ½. There are no distributions required from a Roth

IRA during the lifetime of the individual who created the account.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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