The world of tax-free retirement savings is open to more people than ever, as employers add Roth accounts to 401k and other plans and Congress relaxes restrictions on Roth IRAs. This book explains how you can use Roth accounts to build and preserve retirement wealth.
About this edition
The 2015 edition is the fourth edition of this book. It reflects legal authorities as of January 15, 2015. Changes from the previous edition include updates for changed tax rates, new IRS interpretations of certain rules involving rollovers and conversions, and expanded availability of in-plan Roth conversions. This edition is now available from Amazon.com in paperback and Kindle versions.
Customer ratings: The previous edition of this book had 15 customer reviews on Amazon.com with average rating 4.7 out of 5 stars.
Who it’s for
Go Roth! is written in plain language so anyone with an interest in retirement savings will understand the clear explanations. It starts at the beginning, including such topics as how to start a Roth IRA, and covers basics of how to invest a retirement account.
The book provides thorough coverage of all the important rules and strategies, however, making it suitable for use as a reference by financial advisors or other professionals dealing with these kinds of accounts.
What it covers
Go Roth! is a complete guide to the rules and strategies for Roth accounts, organized around their life cycle, from the decision to use a Roth to the final liquidation of the account.
Part I: What Hath Roth Wrought
An introduction to the subject.
Part II: To Roth or Not to Roth
Understanding the benefits of using a Roth account — and the situations where it’s better to use a traditional retirement account.
Part III: Contributions to Roth Accounts
All the rules for contributions to Roth IRAs and Roth accounts in employer plans; qualifying for the retirement savings contributions credit; strategies such as backdoor Roth IRA contributions.
Part IV: Roth Conversions
An explanation of how Roth conversions work, including IRA conversions, direct conversions of employer accounts, and the new in-plan conversion opportunity; covers both basic and advanced conversion strategies.
V. Managing Your Account
Tax rules for investments; a general guide to investing a retirement account; rollovers and direct transfers.
Part VI: Taking Money Out
Rules for qualifying distributions; tax consequences of nonqualifying distributions; liquidating an account for a loss; rules for inherited Roth accounts.
Your guide to the Roth IRA and other Roth accounts
by Kaye A. Thomas
Fairmark Press Inc.
2015 edition published January 2015
Trade paperback, 302 pages
Cover design by Laura Zavetz