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Roth conversions: Do ‘homework’ and factor in higher education

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in Leaders & Managers,Management Training,Small Business Tax,Small Business Tax Deduction Strategies

The decision to convert funds in a traditional IRA to a Roth this year is hardly a slam-dunk. To reach a well-informed conclusion, you must take the relevant factors into account. This can be especially tricky for some parents of college-bound children. Strategy: Consider all the higher-education aspects. If you’re not careful, converting might do your family more harm than good.

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