House Tax Proposal Would Close Door on Popular Back-Door Roth IRA Conversions
Press|15 Sep 2021
In the InvestmentNews article "House tax proposal would close door on popular back-door Roth IRA conversions," Brandon Garrett, president of BentOak Capital, highlights the impact of proposed legislation that would restrict Roth conversions for high-income earners. He notes that these changes "really limit what folks can do with that after-tax money." This legislation, which aims to fund broader spending initiatives, could significantly affect financial planning strategies for clients with complex estates.
Author: Mark Schoeff Jr., Publisher: InvestmentNews, Date: September 15, 2021.
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