By Melanie Pelayo
With the end of the year fast approaching, I want to bring your attention a change taking place next year regarding Roth IRA rules. Surveys have shown that not a lot of people are aware of the coming changes, which some clients may want to consider in order to diversify their retirement income sources.
Back in May of 2006 there was a pretty significant change to the tax laws involving converting a traditional IRA to a Roth IRA. In the year 2010 everyone can convert their traditional IRAs to a Roth IRA—and that’s an opportunity that not everyone had in the past.