Craig Bolanos was featured in Debbie Carlson’s article “Want to Do a Free Roth IRA Conversion and Be Charitable? Here’s How.” appearing in Barron’s Magazine. In it, Craig gives his thoughts on qualified charitable deductions and how donations up to a certain dollar amount might be a smart move for retirees who can give. Click below to read the full article!
**The opinions voiced in this material are for general information only and are not intended to be a substitute for individualized tax advice. Please consult your tax advisor regarding your specific situation. All investing involves risk including loss of principal. The examples presented are hypothetical and are not representative of any specific investment. Traditional IRA account owners have considerations to make before performing a Roth IRA conversion. These primarily include income tax consequences on the converted amount in the year of conversion, withdrawal limitations from a Roth IRA, and income limitations for future contributions to a Roth IRA. A Roth IRA offers tax deferral on any earnings in the account. Qualified withdrawals of earnings from the account are tax free. Withdrawals of earnings prior to age 59 ½ or prior to the account being opened for 5 years, whichever is later, may result in a 10% IRS penalty tax. Limitations and restrictions may apply.
