Roth IRA Conversion

Is converting your traditional IRA to a Roth IRA right for you? There are many factors to analyze when considering a conversion. Comparing your tax bracket today vs. tax bracket at time of IRA distributions is just the beginning. Let the professionals at DHJJ Financial Advisors help determine whether a conversion makes sense for you. We can lay out the advantages and possible disadvantages of a conversion based on your situation. We’ll also help determine the optimal amount to convert and look at conversions over multiple years in pursuit of maximum tax savings.

There is a strategy involving multiple conversions in a single year that we can implement that involves using separate asset classes in separate conversion accounts. This can lead to a larger amount growing in a Roth conversion account. This strategy involves monitoring the multiple conversions and recharacterizing (or undoing) some conversions as necessary. We can manage the entire process or provide you with the steps you need to follow.

No traditional IRA? If you have a 401(k), we can help you look at a possible conversion to Roth 401(k).

Converting to Roth can yield significant tax savings. We are happy to discuss this opportunity with you.  Contact DHJJ Financial Advisors at 630.420.1360.

*Please Note: Advisory services provided by DHJJ Financial Advisors (“Advisors”), an SEC registered investment adviser. Accounting services can be provided by Advisors’ affiliated entity, DHJJ Certified Public Accountants (“CPA”), per the terms and conditions of a separate written engagement agreement. No Advisors’ client is under any obligation to engage CPA, and vice-versa. As more fully discussed in Advisors’ written Disclosure Brochure, a recommendation that an Advisors’ client engage CPA, and vice-versa, presents a conflict of interest.

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NAPERVILLE
T: 630.420.1360
F: 630.420.1463
184 Shuman Blvd, Suite 200
Naperville, IL 60563

ST. CHARLES
T: 630.377.1106
F: 630.377.2294
2560 Foxfield Rd, Suite 300
St. Charles, IL 60174

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