With the value of most traditional IRAs lowered because of stock market problems, this could be a great time to convert to a Roth IRA.
Each dollar you convert is taxed as ordinary income, so fewer dollars mean less tax. If you are under age 50, you can contribute $5,000 a year to a Roth. If you are 50 or over, it’s $6,000.
Contributions to a Roth can be withdrawn without penalty at any time.
Distributions, interest and dividends are tax-free if you are at least 59 1/2 and the account has been established for longer than five years.
You can contribute after age 70 1/2 as long as you have earned income. There are no required minimum distributions during your lifetime.
Another benefit of the Roth: Tax-free distributions can be passed to your beneficiaries. Call us for more info. anytime.

Today’s investment puzzle: Is a Roth IRA right for you? is a post from: Pennsylvania Insurance Blog - Williams Insurance Agency