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David Blair, QuadCap Wealth Management, Explains Changes to Treatment of Roth IRAs
QuadCap Wealth Management, LLC is a leading provider of fully comprehensive counseling, wealth management services, and tax preparation.
DALLAS, TX, February 12, 2011 /24-7PressRelease/ -- David Blair, President of QuadCap Wealth Management, LLC recently outlined and explained the changes to the treatment of Roth IRAs. First, the option to split the tax on any traditional to Roth IRA conversion has expired. As of 2011, you must convert only that amount of your traditional IRA that you are comfortable paying taxes on. Substantially, if not all, benefits of the conversion are muted unless one can pay the tax on the conversion from funds outside of the IRA. In addition, the income limits for Roth contributions have risen for 2011, and don't begin to phase out until 107,000 for single taxpayers and 169,000 for married taxpayers.
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Jon Crandall
QuadCap Wealth Management, LLC
VP
16990 Dallas Pkwy
Dallas, TX
United States 75248
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