Reported about 1 month ago
The elimination of the 'stretch' provision for inherited IRAs emphasizes the benefits of Roth IRA conversions amid potential tax changes by 2025. Financial experts highlight the enduring advantages of Roth accounts, including no required minimum distributions, tax-free withdrawals, and lower taxes on conversions during this transitional period, making it an optimal time for taxpayers to evaluate their conversion strategies.
Source: YAHOO