Take a Different Route to a Roth IRA

IRA Roth IRA

If your income exceeds certain levels, you cannot make contributions to a Roth IRA. Our Bergen County CPA office offers you insight to this. However, you can convert a traditional IRA to a Roth IRA no matter how high your income. Roth IRAs are popular because qualifying distributions are tax-free and annual distributions are not required at age 70½. A conversion to a Roth is a taxable event, so factor that into your analysis.

We cater to Bergen County CPA tax preparation in New Jersey since we are a Bergen County accountant firm.  For assistance with this or other tax or accounting matters please contact us at 201-947-8081 or 646-688-2807, or email us at info@bergencountycpa.com.

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