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  1. Home
  2. Archived Blog
  3. July 2020

July 2020

The Pros and Cons of a Roth IRA Conversion

Submitted by Robert Gordon & Associates, Inc on July 21st, 2020

Taxes, whether we admit it or not, drive a lot of our personal finance decisions. Avoiding or lowering them can influence where we choose to live, what kind of car we buy, where we send our children to school, whether we purchase a house, and many other everyday decisions. Everyone tries to limit the amount of taxes they pay. Taxes play a large role when we invest for retirement, as well.

Tags:
  • Budget
  • CFP®
  • Debt
  • Estate Planning
  • Financial Planning
  • Investing
  • Long-Term Planning
  • Retirement
  • Savings
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5 Reasons Roth IRAs Won’t Be Taxed

Submitted by Robert Gordon & Associates, Inc on July 20th, 2020

The rationale for speculation over taxing Roth IRA withdrawals is that the tax break looks far too generous. Other tax-sheltered retirement plans, after all, are merely tax-deferred—meaning you’ll pay taxes on them eventually. The earnings on Roth IRAs are effectively tax-exempt.

Tags:
  • CFP®
  • Estate Planning
  • Financial Planning
  • Investing
  • Retirement
  • ROTH
  • Savings
  • Traditional IRA
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