Rollover Your Roth IRA with Suze Orman in 2010

Suze explains how in 2010 you can roll over any IRAs into a ROTH IRA for tax savings in the future....(read more)

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Suze Orman is a personal finance guru who has been providing advice to people for years. She has recently been advocating for Roth IRA rollovers. A Roth IRA rollover is when you transfer money from a traditional IRA or 401(k) into a Roth IRA. This can have significant tax advantages in the long run. In 2010, the rules for Roth IRA rollovers changed. Prior to 2010, there were income limits on who could convert their traditional IRA or 401(k) into a Roth IRA. However, in 2010, these income limits were lifted. This made it possible for more people to take advantage of the benefits of a Roth IRA. Suze Orman has been a strong advocate for Roth IRA rollovers since the rule change in 2010. She believes that converting to a Roth IRA can be an excellent way to save for retirement. When you convert to a Roth IRA, you pay taxes on the money that you transfer, but you won't owe taxes on the money when you withdraw it in retirement. This means that if you expect to be in a higher tax bracket in retirement, a Roth IRA can be an excellent tax-saving tool. Suze Orman also believes that Roth IRAs are a good option for people who are just starting to save for retirement. This is because Roth IRAs are funded with after-tax dollars, so you won't owe taxes on the money when you withdraw it in retirement. This means that if you start investing in a Roth IRA when you are young, you can potentially save a lot of money on taxes in the long run. However, Suze Orman does caution that Roth IRA rollovers are not right for everyone. If you are close to retirement, a Roth IRA rollover may not be the best option for you. This is because you may not have enough time to recoup the taxes that you pay when you convert to a Roth IRA. Additionally, if you don't have enough savings to pay the taxes on the conversion, it may not be the best option for you. In conclusion, a Roth IRA rollover can be an excellent way to save for retirement and potentially save on taxes in the long run. However, before you make the decision to convert to a Roth IRA, it's important to consult with a financial advisor and determine if it's the best option for your individual situation. https://inflationprotection.org/rollover-your-roth-ira-with-suze-orman-in-2010/?feed_id=102838&_unique_id=6476a31889251 #Inflation #Retirement #GoldIRA #Wealth #Investing #401k #ira #orman #Retirement #Rollover #ROTH #suze #VideoThang #RolloverIRA #401k #ira #orman #Retirement #Rollover #ROTH #suze #VideoThang