Segment 1: Volatility is Not Your Greatest Risk SEGMENT BEGINS AT 00:37 It really doesn’t matter where you look – sharp market losses abound right now. Economist and best-selling author Jerry Robinson dives into the wild markets and offers a positive view...
Retirement Minute – Should Your Re-convert Your Roth IRA?
by John Bearss
This is a reminder to all of you who converted a traditional IRA to a Roth IRA in 2010. If your Roth IRA has sustained losses as a result of the recent market downturn, you may want to consider whether it makes sense to undo your conversion. You have until
On the other hand, the current market downturn also presents an opportunity to convert additional traditional IRA assets to a Roth IRA at a potentially lower tax cost than just a few months ago.
Knowing whether it makes sense to reconvert your Roth conversion depends on several factors, including the extent of the losses in your Roth IRA, the potential value of the special 2010 tax deferral rule to you, and your expectations of where the markets may be headed.
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Your Host: Jerry Robinson (Economist, Best-Selling Author) Jerry Robinson is an economist, published author, columnist, radio talk show host, and international conference speaker. Robinson has been quoted as an economic authority by USA Today, FoxNews and many other news agencies. His columns have appeared regularly in numerous print and web publications, including WorldNetDaily, Townhall, and FinancialSense. In addition, Robinson is also the Editor-in-Chief of the popular economic newsletter, Follow the Money Quarterly. He resides in Texas with his beautiful wife.
The Retirement Minute with John Bearss
John Bearss, Retirement Specialist (Christian Financial Advisor Network)
John R. Bearss is a Retirement Specialist with the Christian Financial Advisor Network. He has been successfully helping clients nearing retirement generate lifetime income streams for 25 years.