Despite this, tax reform may have actually opened a huge window for clients looking to do Roth conversions while minimizing their tax liability for these conversions. The new tax rate system, combined with the general “moodiness” of the stock market of late, have created conditions that can make Roth IRA conversions attractive for an entirely new group of clients despite the inability to undo the transaction at a later date. With proper planning, these clients may be able to benefit substantially from a Roth conversion strategy without even jumping income tax brackets.
Saturday, June 22, 2019
read on ThinkAdvisor the full analysis: The recharacterization door has closed, but a huge window to do Roth conversions while minimizing taxes has opened.