Guidance on Roth IRA Conversions 


    With tax rates potentially increasing in 2013 across the board coupled with the new 3.8% surtax that will be introduced in 2013, Roth conversion planning in 2012 becomes even more important. If it makes sense to convert, make sure to do so before rates jump to 43.4%. Take advantage of the many resources assembled here to assist in proper planning for your clients.

    Rebirth of Roth: A CPA's Ultimate Guide for Client Care
    Bob Keebler, recognized expert in retirement, estate, and family wealth preservation and the PFP Section bring you The Rebirth of Roth: A CPA’s Ultimate Guide for Client Care. This important guide will bring you up to date on current rules and regulations, critical topics, and how to implement Roth conversions and recharacterizations into your planning.  Rebirth of Roth is available FREE for PFP Members inclusive of PFS credential holders.  Additionally, PFP members receive a 20% discount off the price of the hardcopy version of the book. An accompanying CD-ROM (containing an MP3 file with further guidance from the author) is included with your purchase of the hard copy..

    A 2010 Update to the Rebirth of Roth: A CPA’s Ultimate Guide for Client Care, which covers provisions of The Tax Relief Act of 2010 that affect Roth IRA planning, is now available.
    Download the update today.

    Members who purchase the hardcopy version of Rebirth of Roth receive a 10% discount on the CCH
    Roth IRA Conversion Expert software. With this software tool, you can calculate and evaluate a variety of complex IRA conversion scenarios. Email your purchase confirmation to financialplanning@aicpa.org, at which point we will provide a discount code for the software.
     
    Other Roth Resources
    The Simple Roth Conversion Calculator | View demo
    This calculator is meant to assist the advisor in determining whether performing a basic Roth conversion is an appropriate choice for a given client. It is designed to compare investment growth, given a specific set of assumptions, if the client chooses to convert to a Roth versus remaining in a Traditional IRA.
    Disclaimer: This calculator is not intended to make a recommendation as to whether a Roth conversion should be performed. Rather, the results of the computations are meant simply to assist an advisor in counseling his or her client on the suitability of a Roth conversion after the advisor takes into consideration all facts beyond those inputted into this program. This program should be viewed as only one tool to be utilized in the advisor’s tool box. Making the decision to convert is more than a mathematical or analytical question; it must be addressed holistically, taking into account a client's financial, retirement, income tax, and estate planning.

    The Roth IRA Conversion Decision Chart
    . This chart will walk you through whether your client should convert to a Roth IRA, as well as important tax, financial, estate and asset protection considerations.  

    Roth Education Series
    . Access all Roth-related recording and related materials in our web seminar library.

    Medicare Surtax Chart
    . This chart highlights key reasons why this new surtax makes Roth conversion planning even more important.

    Affect of AMT on Roth Conversions
    . Bob Keebler has shared this calculator with PFP members to help demonstrate the AMT impact of Roth conversions.

    Traditional IRA Distribution Flowchart
    . Bob Keebler has shared this flowchart with PFP members to highlight traditional IRA distribution considerations.  

    Roth Quadrant Reference Chart: This handy, informative chart from Bob Keebler covers 8 aspects of Roth IRAs, including ordering rules, the seasoning rule, the penalty box rule, a Roth IRA distribution chart, trust distribution, Roth IRA beneficiary summary, Roth bypass trust chart, and four requirements for all trusts to qualify as a designated beneficiary.
     
    Roth Conversion Resources Available to All

    Listen to 2-minutes with Sid Kess as he talks about the importance of the Roth conversion planning opportunity for CPAs.


    Listen
    to a short audio clip with Bob Keebler highlighting key issues to think through in Roth conversion planning.

    Download
    a read-only, desktop version of The Roth IRA Conversion Decision Chart.
     

    Not a PFP Section member? Gain access to these Roth IRA resources and hundreds of other financial planning resources for only $150 when you become a PFP Section member today. (use promotion code PFPCPALD)




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