Kansas City, MO (PressExposure) October 16, 2009 -- Read the book â Roth IRA: Exploding the Myths, to Convert or not in 2009/2010â and write a 500 word essay that says "What you have learned from the book that will make a positive change in your life and what that change will beâ.
One winner gets $1000.00 to invest into a Roth IRA or use toward college education.
For more detail visit http://WWW.WhyRothIRA.Com
Who should convert IRA to Roth IRA in 2009 or 2010? There will be a rush for some people to convert their IRAâs into Roth IRAâs in 2010, because the IRS is allowing those with Income (AGI) of over $100,000 to convert in 2010 since they have not been able do that so far. The big question: is should you convert or not? In order to get to the right answer, you need to know whether it makes sense for you to continue with a tax deferred IRA or convert in 2010 and pay the income taxes then, therefore allowing the earnings to grow tax-free from then on.
I believe that there will be those who should not convert but will. However, some who should convert will not. That is why I wrote the book âRoth IRA: Exploding the Myths; to convert or not in 2009/2010â. Visit http://WWW.WhyRothIRA.Com for more details. By, John Azodi, CPA