Richard Warner gives the ins and outs on Roth IRAs. Richard defines what they are, whether or not they have contribution limits, and why paying taxes now is better than in the future. Richard explains how conversions to Roths from 401(k)s or IRAs work and the importance of having an advisor to walk someone through what can be a tricky process. Richard also warns about penalties if someone takes a misstep in converting to a Roth.
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