Ira ConversionsMike Mcnamee
Congress giveth and Congress taketh away, as witness the latest tune-up for the Roth Individual Retirement Account. In "technical corrections" likely to become law in mid-July, Congress is tinkering with rules that could affect IRA owners thinking of converting old accounts to Roth IRAs. Roth IRAs don't give a tax break on deposits but allow both deposits and earnings to be withdrawn tax-free in retirement.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.