David Christopher - Financial Consultant, LPL Branch Manager
Matthew Christopher, CFS - Financial Consultant
Joseph McCarthy, Jr. - CPA

Converting Traditional IRAs to Roth IRAs

October 29, 2009

Starting in 2010, the existing $100,000 income test for converting a traditional IRA to a Roth IRA will no longer apply. Conversions that occur in 2010 will be able to have half of the taxable converted amount taxed in 2011 and the other half taxed in 2012. (On May 17, 2006, President Bush signed the Tax Increase Prevention and Reconciliation Act of 2005 into law. This tax bill included a provision dealing with conversions of traditional IRAs to Roth IRAs.) Since Roth conversions increase tax revenues, it seems unlikely that the previous income ceiling will be reinstated anytime soon.

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What's New at FBU?
  • What is your Risk number? 3/23/2018
    Click on the "What's Your Risk Number" link below and eliminate the stereotypes that have made risk tolerance useless. We are using leading scientific ...  more
  • New Branch Address 2/6/2017
    We are pleased to announce that we have a new branch address: 63 Agerola Rd. Durham, CT 06422 The new mailing address is P.O. Box 77 Durham, ...  more
  • 5 Star Wealth Manager Award 11/23/2016
    Matthew has been recognized for the 3rd year in a row as a 5 Star Wealth Manager!! His profile will be showcased in the Decemeber issue of CT ...  more
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Phone: (860) 349-3826
Fax: (860) 349-3829

Office address:
63 Agerola Rd.
Durham, CT 06422

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of the following states: AZ, CA, CT, FL, GA, MA, NY, PA, SC

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Member FINRA/SIPC. Financial Benefits Unlimited, LLC and LPL Financial are separate entities.

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