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How the new tax law created a ‘perfect storm’ for Roth IRA conversions in 2019

Bill Bischoff
How the new tax law created a ‘perfect storm’ for Roth IRA conversions in 2019

The new Tax Cuts and Jobs Act (TCJA) makes Roth IRAs even more attractive and they can provide insurance against future tax rate increases that I think are almost inevitable. Here’s what you need to know about Roth IRAs and especially Roth IRA conversions in the post-TCJA world. Unlike traditional IRA withdrawals, qualified Roth IRA withdrawals are federal-income-tax-free and usually state-income-tax-free too.