Karen Goodfriend, CPA/PFS on Roth IRA Conversions
Published November 29, 2010
Tapped by Reuters, Karen Goodfriend, CPA/PFS, and a member of the AICPA’s National CPA Financial Literacy Commission, tells readers what to think about when planning to convert a traditional IRA to a Roth IRA.
In the article, Goodfriend explains that taxpayers should phase-in Roth conversions over several years, converting only as much as they can in any given year without pushing themselves into a higher tax rate. “Break it up. Don’t convert all at once,” Goodfriend says.