Fidelity Reports 76% Increase in IRA to Roth Conversions

June 18, 2020

Fidelity reports a 76% increase in IRA to Roth conversions from this time a year ago.  With the pandemic-induced market volatility as well as warnings from economists and experts that tax rates will rise in the future, 2020 created one of the most valuable Roth conversion scenarios for taxpayers in years.  With the stock market on sale, the associated tax bill to convert from an IRA to a Roth IRA is also subsequently on sale.  At Brandywine Oak, we feel strongly that one of a wealth manager’s primary roles is to help families arrange their financial affairs to keep their *lifetime* tax bill as low as possible. 


To learn more about Roth conversion planning, please read this insightful article from Investment News:


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