Roth Conversion IRA 2012

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How to put your money where it will never be taxed again

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Roth Conversion IRA 2012

  1. 1. Last Chance for a Roth Conversion David John Marotta PresidentMarotta Wealth Management www.emarotta.com
  2. 2. ComprehensiveWealth Mangement
  3. 3. Taxes
  4. 4. Age 50+ $5,000 $6,000Contribution Catch-up Limit Provision
  5. 5. TraditionalContributions Withdrawals IRA RMD NondeductibleContributions IRA Withdrawals RothContributions Withdrawals IRA
  6. 6. Traditional IRAConversion Roth IRA
  7. 7. Apr Jan
  8. 8. Traditional IRA RecharacterizationConversion Roth IRA
  9. 9. OctApr Jan
  10. 10. Taxes
  11. 11. John, 50 years old$75,000 taxable income$500,000 traditional IRA 25% 2012 rate 28% 2013 rate
  12. 12. 25% 2012 rate$100,000 Conversion$25,000 taxes28% 2013 rate$89,286 (-10.7%)$25,000 taxes
  13. 13. $75,000 income$67,700 at 25%$74,750 at 28%$217,450 total$170,900 at 31%should be kept ifaccounts are up17.9% or more$388,350 total$313,350 conversion
  14. 14. OctApr Jan
  15. 15. Asset Allocation
  16. 16. Asset Allocation
  17. 17. $ OctApr Jan
  18. 18. $ OctApr Jan
  19. 19. Comprehensive Wealth Management with a Trusted Fiduciary Advisor
  20. 20. Last Chance for a Roth Conversion David John Marotta PresidentMarotta Wealth Management www.emarotta.com

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