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Retirement Planning > Retirement Investing

Firm Offers Roth IRA Education

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W&S Financial Group Distributors Inc. has created a set of educational resources for traditional individual retirement account owners who are considering converting their accounts into Roth IRAs.

The resources include an online interactive Roth IRA conversion calculator that enables consumers to produce a custom analysis based on their goals, expectations and financials, says the company, a member of Western & Southern Financial Group, Cincinnati.

New tax laws that took effect Jan. 1 allow anyone owning a traditional IRA, 401(k) or other qualified retirement plan asset from a former employer to shift those funds into a Roth IRA, the company points out. Suitability for conversion depends on individual circumstances, it adds.

The firm says potential conversion candidates may include:

–Those who never previously considered a Roth IRA because of their income level

–Those who considered a Roth before but were not eligible

–Those who currently have a traditional IRA or other accessible qualified retirement plan asset

–Those who have sufficient assets outside the retirement plan to pay the accelerated tax obligation

–Those who want a tax-advantaged retirement account that does not require minimum distributions when the owner turns age 70 1/2

–Those who would like to leave a tax-advantaged asset to their beneficiaries


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