For 2010 tax year only you can choose to convert your traditional IRA to a Roth IRA and break up the tax load into 2 equal installments on your when you file your 2011 and 2012 tax returns. This could be a major savings for you and the extra boost you need to make that conversion.
A Roth is far superior if you’re under 40 – 45 years old because it gives you much more flexibility with your distributions and it grows entirely tax-free.
For more info go here.
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