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Retirement Planning > Retirement Investing

Insurer Offers Roth IRA Conversion Tool

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Lincoln Financial Group has added a tool to its Web site that is designed to help clients and advisors evaluate the potential benefits of a Roth individual retirement account conversion.

Called the Roth Conversion Analyzer, the tool can help the user make better informed decisions about the potential benefits of converting from a traditional IRA, according to Lincoln Financial, the marketing name used by Lincoln National Corp., Radnor, Pa.

Beginning in 2010, all taxpayers are eligible to convert all or part of their traditional IRAs and other eligible retirement assets to Roth IRAs, the company notes. Roths allow tax-free growth and withdrawals and are not subject to required minimum distributions during the account owner’s lifetime, it points out.

“Everyone, particularly those who are newly eligible, should evaluate the potential benefits of conversion along with other strategies that address the effect of taxes on retirement and legacy planning,” says Kevin O’Fee, vice president of retirement strategies-marketing for Lincoln.


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