Roth IRA Archives | Provident Trust Group

Roth IRAs – Addressing the Intricacies of Conversions and Rollovers

by Jess Knudsen | Jun 22, 2023 | General Retirement, Roth IRA

I have a client who has pretax assets in both a Traditional IRA and a 401(k) plan. She would like to move both accounts to a Roth IRA. Are there any limitations that would prevent her from doing this? Individuals may simultaneously convert Traditional IRA assets and...

Minors and IRAs

by Jess Knudsen | Jun 21, 2023 | General Retirement, Roth IRA

Can a minor open and contribute to an IRA? There is no age restriction for contributing to a Traditional or Roth IRA. The primary eligibility requirement is that a person must have eligible compensation. Some examples of eligible compensation for IRA contributions...

Roth Conversions: Should You Do It?

by Jess Knudsen | Jun 3, 2023 | Roth IRA

What is a Roth conversion? A conversion is a taxable, reportable movement of assets from either a Traditional IRA (including Traditional IRAs that hold SEP contributions) or a SIMPLE IRA (after a two-year period) to a Roth IRA. When converting assets to a Roth IRA,...

Roth IRAs – Addressing the Intricacies of Conversions and Rollovers

Minors and IRAs

Roth Conversions: Should You Do It?

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