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Thursday, December 10, 2009

BenefitsLink Retirement Plans Newsletter for December 9, 2009

"New Tax Rules in 2010 Will Give More People Access to a Roth Individual Retirement Account
Excerpt: '[S]tarting Jan. 1, Uncle Sam will permanently eliminate both the income and filing-status restrictions on transferring money from a traditional IRA to a Roth -- a procedure known as converting. So, anyone willing to pay the income taxes due upon making such a move will be able to funnel retirement savings into a Roth, where it can grow tax-free.' (The Wall Street Journal)"

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