Can I Convert My 403(b) to a Roth IRA?
This week's Slott Report Mailbag looks at the possibility of converting a 403(b) to a Roth IRA and outlines the qualified charitable distribution (QCD) process and who is eligible to take advantage of it.
in-plan Roth conversion
Slott Report Mailbag: How Does the New Tax Law Affect Me?
We have covered the new tax law (the American Taxpayer Relief Act of 2012) from both a retirement planning and tax planning standpoint since it was signed into law by President Barack Obama on January 2, 2013. We wrote a quick analysis of the law complete with a 5-plus-minute video on 5 key planning points. We followed with a detailed look at qualified charitable distributions (a topic we get frequent questions about), and how they were affected by the new law.
The Roth Conversion Decision Just Got Tougher
As much as we like Roth conversions and encourage individuals to convert, we do realize that Roth conversions aren't for everyone. There have always been many factors to consider before doing a conversion. With the passage of the 2012 tax act on January 2, 2013 and with the healthcare surtaxes taking effect in 2013, there are now more factors to consider. We explain these below.
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