5 Reasons to Keep Some Funds in Traditional IRAs

August 27, 2019

Did you know there are major benefits to keeping some funds in traditional pre-tax IRAs? While we are advocates of strategic IRA to Roth conversions, there are several key reasons why pre-tax IRA funds are beneficial from a tax planning standpoint. Traditional pretax IRA distributions can be used to offset medical expenses, business losses, and for charitable donations. To read more about the tax benefits of traditional pretax IRAs, please see industry expert Ed Slott’s “5 Reasons to keep some funds in traditional IRAs, even for Roth IRA lovers.”