Advanta IRA Services Presents Webinar to Discuss the Pros and Cons of Converting to a Roth IRA

Share Article

Roth self-directed IRAs are one of the most beneficial retirement plans available as all contributions are made after tax, but the earnings grow on a tax-free basis provided that certain requirements are met. However, while there are benefits of converting to a Roth IRA there are also some reasons why a conversion many not be the best idea for an individual.

News Image
Roth IRAs are extremely flexible tools for all ages of investors. Investors are able to plan for retirement and are also able to withdraw funds without dire tax penalties

Roth IRAs are considerably appealing for those who think their tax rate will be higher at retirement than it is today. Additionally, unlike traditional IRAs, contributions may be made after the age of 70 ½, and there are no required minimum distributions at 70 ½. In most instances, the amounts contributed may be withdrawn at any age with no tax liability.

When an individual reaches the age of 59 ½ years and the Roth account has been funded for at least five years, tax-free withdrawals can be taken of both contributions and earnings. "Roth IRAs are extremely flexible tools for all ages of investors. Investors are able to plan for retirement and are also able to withdraw funds without dire tax penalties," says Jack Callahan, Managing Partner of Advanta IRA Services.
For those who have thought about converting to a Roth IRA, this webinar addresses questions about why someone would convert to a Roth IRA, how the process works, and most importantly—when the conversion should be done. "Most individuals visit their tax preparer in January and February and miss the opportunity to possibly convert to a Roth IRA," says Callahan.

Additional topics include:

  •     The process of converting assets held within a tax-deferred IRA into a tax-free Roth IRA
  •     What the rules are for converting to a Roth IRA
  •     Conversion of assets in a self-directed IRA (such as real estate and mortgage notes) and the documentation needed to do so

Investors should consider attending this webinar in an effort to educate themselves on whether or not a Roth IRA presents a viable investment tool to add to their retirement portfolios. Participants will be able to ask questions during the webinar.

Event: Webinar—Why and When to Convert to a Roth IRA
Date: December 3, 2013
Time: 12:00pm – 1:00pm
Cost: None
Location: Online
Register: Please email Larissa Greene at

About Advanta IRA

Advanta IRA Services, located in Largo, Florida, has been in operation for over 10 years, providing administrative service to owners of self-directed IRAs throughout the Tampa Bay and Sarasota, Florida regions. Advanta IRA Administration offers a second location serving the Atlanta, Georgia area and surrounding regions. Both offices are managed by Jack Callahan, J.D., CFP™. Advanta IRA offers classes, seminars and other educational tools designed to assist clients in managing self-directed IRAs by investing in real estate, notes, private placements and other non-traditional assets that have the potential to maximize IRA earnings on a tax-free or tax-deferred basis.

About Jack Callahan

Jack M. Callahan, J.D., CFP™, is the managing partner at Advanta IRA Services in Largo, FL and Advanta IRA Administration in Atlanta, GA. Jack established the corporate office, Advanta IRA Services, in 2003. Prior to that, Jack delivered specialized counsel to real estate investors, small business owners and real estate professionals on tax, legal and financial matters. As an industry expert, Jack is a frequent speaker on the topic of self-directed retirement plans and an accredited continuing education instructor for the Florida and Georgia Bar Associations, Florida and Georgia Real Estate Commissions, and The American Institute of Certified Public Accountants. He earned his bachelor of science degree in finance and multinational business from Florida State University and his law degree from the University of Florida College of Law.

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Monte Smith
Follow us on
Visit website