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A Roth Conversion May be the Best Prescription for an Ailing Portfolio

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Amanda wants to live in a world where retirement security is no longer a dream. When she’s not nerding out on social media, you can find her exploring life through her motto, “live life like a curious child with a meticulous attention to details.” Her retirement goals are to travel and own a French vineyard. Happy saving #SaverNation

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February 26, 2016 at 11:51 am
Press

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Davy Knox, Client Success Champion at Ubiquity Retirement + Savings, spoke to U.S News & World Report about Roth conversions to aid your portfolio.

Unfortunately, the converted sum is added to the taxpayer’s income for that year. So not only is the money taxed, it can lift the investor into a higher tax bracket. To avoid that, the investor can break the conversion into smaller pieces done over several years, says Knox.

“This will allow you to plan and manage the new tax situation the conversion will put you in more easily.”

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