Guidance is needed on new Roth 401(k) conversion

March 15, 2013 by Paula Aven Gladych

Although not well thought out, the Roth 401(k) conversion provision in the American Taxpayer Relief Act of 2012 could be a great opportunity for some investors moving forward.

Since provision 902 of the bill was a last-minute decision, the U.S. Department of the Treasury and Internal Revenue Service must issue some guidance, said Bob Kaplan, vice president and national training consultant at ING Investment and a member of the government affairs committee for the American Society of Pension Professionals & Actuaries, in a webinar this week.

The provision’s main purpose was to raise about $12.2 billion over the next 10 years, Kaplan said.  Click here to read…

Originally Posted at LifeHealthPro on March 14, 2013 by Paula Aven Gladych.