Beacon Hill Investment Advisory's proprietary strategy decreases tax liability borne by converting IRA, SEP-IRA, and 401(k) balances to Roth IRA.
Columbus, OH (BizHWY
) January 12, 2010 - The previous constraints of converting IRAs, SEP-IRAs, and 401(k)'s to Roth IRAs will be lifted for 2010 only
, allowing many people access to what the Wall Street Journal termed "one of the best savings vehicles for later life
". Many experts expect a rush of conversions in 2010.
In anticipation, Beacon Hill Investment Advisory has created its proprietary Roth Risk Stack â„¢ strategy that has been embraced by its clients and their accounting firms. "Our clients don't have to buy any expensive products or pay any costs, and could save tens of thousands of dollars, regardless of what the market does. This is truly a market neutral strategy
," explains Clint Edgington, CFA, cofounder of Beacon Hill Investment Advisory.
While anyone can enact this strategy, it is tailored for those with over $200,000 to convert to a Roth. In general, Roth IRA's are more beneficial as "future tax rates increase", explained Clint Edgington in the article "Roth vs Traditional IRA's- you decide in 2010" seen in the Columbus Dispatch October 4, 2009.
Beacon Hill Investment Advisory is a Columbus, OH Registered Investment Advisor specializing in wealth management for individuals and business owners. Additional information about the firm can be found at www.BeaconHillAdvisory.com.