By Mike Gibbons, RICP®

Most of us know there are two types of IRAs: traditional and Roth. You may even know that there are tax differences between the two, and it’s possible you have both of these savings vehicles in your retirement arsenal. But what you may not know is that your traditional IRA can be converted to a Roth IRA. If you’re drawn to the benefits of a Roth and think that it would be more favorable for your financial situation, we’ve created a webinar just for you!

What You Need To Know

This webinar will walk you through the ins and outs of Roth IRA conversions, including the significant tax advantages and benefits of converting taxable IRAs to tax-free Roth IRAs. We’ll walk you through various hypothetical tax scenarios and give you all the information you need to decide if a Roth conversion is right for you so you can create tax-free pools of money for retirement and avoid required minimum distributions.

When: Thursday, February 25, 2021 at 2:00 p.m. Central Standard Time (Chicago, GMT-06:00) 

Who: The webinar will be presented by Waldean Wall from Allianz Life

How: Register by Tuesday, February 23, 2021, by signing up here!

If you have any questions about this event, please do not hesitate to reach out to us at 224-419-5550 or by email at Mike@gibbonsfinancialgroup.com. We hope to see you there! 

About Mike

Michael J. Gibbons is founder and president of Gibbons Financial Group, an independent advisory firm providing custom-tailored financial planning and investment management services to pharmaceutical and healthcare professionals and their families. Mike has over 25 years of experience and spends a significant portion of his day working with pre-retirees and retirees, focusing on asset management, Social Security and pension planning, as well as retirement income preparation. 

Mike has degrees in both business and psychology from Lake Forest College and currently holds his Retirement Income Certified Professional (RICP®) designation from the American College. Mike was named a Five Star Wealth Manager for 2016 and 2018* Mike is heavily involved in his community, having served on the Village of Gurnee Police Pension Board as a Community Volunteer and the St. Patrick’s Parish Financial Board. When he’s not working or volunteering, Mike loves playing golf and spending his time with his wife and children. To learn more about Mike and how he can help you, connect with him on LinkedIn, visit his website, and register for his free webinar, Retiring Early From Pharma, created specifically for professionals retiring from the pharmaceutical, biotechnology, and healthcare industries.

*Award based on 10 objective criteria associated with providing quality services to clients such as credentials, experience, and assets under management among other factors. Wealth managers do not pay a fee to be considered or placed on the final list of 2016/2018 Five Star Wealth Managers.

Content in this material is for general information only and not intended to provide specific advice or recommendations for any individual.

Traditional IRA account owners have considerations to make before performing a Roth IRA conversion. These primarily include income tax consequences on the converted amount in the year of conversion, withdrawal limitations from a Roth IRA, and income limitations for future contributions to a Roth IRA. In addition, if you are required to take a required minimum distribution (RMD) in the year you convert, you must do so before converting to a Roth IRA.