Key takeaways:
• IRRMA- what you don’t know could hurt you.
• Wow! I never expected a lookback.
• 62 could be the way to go.

* Please remember that converting an employer plan account to a ROTH IRA is a taxable event. Increased taxable income from the ROTH IRA conversion may have several tax consequences including, but not limited to, a need for additional tax withholding or estimated tax payments, a loss of certain deductions and credits, higher taxes on social security benefits, and higher Medicare premiums. Be sure to consult with a qualified tax advisor before making any decisions regarding your IRA. Neither the firm nor its agents or representatives may give tax or legal advice. Individuals should consult with a qualified professional for guidance before making any purchasing decisions.