ROCHESTER, N.Y. (WROC) — CPA Jamie Block says now is a good time to consider converting your Individual Retirement Account to a Roth IRA.
Block discussed Roth IRA conversions Thursday during News 8 at Sunrise.
Taxpayers can move part or all of a traditional IRA to a Roth IRA. Doing this may require tax to be paid. Both traditional and Roth IRAs allow tax-deferred growth. The big advantage of Roth IRAs is the ability to withdraw the principal and earnings tax-free. Read more here.
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