Forbes: ” I was a guest on an estate planning radio show recently when a listener from Traverse City, Mich., phoned with an eye-opening question. ‘Do I have to convert a traditional IRA to a Roth to make it a ‘stretch’ IRA?‘ she asked. The short answer is: Absolutely not. But what a wake-up call! It made me realize that, with all the talk this year about Roth conversions, plenty of well-informed people are understandably confused about this issue.
Forbes: “After you grab your employer’s 401(k) match, it’s time to fund an IRA. But which kind is best? Almost everyone who has earned income can benefit from using an Individual Retirement Arrangement, or, as they’re more commonly called, an Individual Retirement Account. IRAs come in several different versions, each with its own tax treatment and rules on who can contribute. Here is a comparison of some of those features:”