A New Year Brings Changes to Roth IRA Rules

more+
less-

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.

LOADING PDF: If there are any problems, click here to download the file.


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.

© Ober|Kaler | Attorney Advertising

Written by:

more+
less-

Ober|Kaler on:

JD Supra Readers' Choice 2016 Awards
Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:

Sign up to create your digest using LinkedIn*

*By using the service, you signify your acceptance of JD Supra's Privacy Policy.

Already signed up? Log in here

*With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name. Or, sign up using your email address.
×
Loading...
×
×