Time is running out for a 2010 Roth Conversion! The benefits of doing a conversion in 2010 is that you can (a) pay the tax at 2010 rates or (b) stretch the tax payments out to 2011 and 2012. A Roth account grows tax free just as any other retirement account, but there are no required minimum distributions and any withdrawals are tax free. The plan to have various pots of money in your retirement years with one being tax free could be a great benefit. For more information, check out our video located at www.parsecfinancial.com/video.html.
Barbara Gray, CFP®