Our daily roundup of retirement news your clients may be thinking about.
Market volatility's silver lining for pre-retirement clients The decline in the stock market gives retirement investors the best time to convert their traditional IRA to a Roth IRA, according to this article on CNBC. Investors can save substantially on taxes when doing the Roth conversion because of the decline in the value of their portfolio. "You've not so much 'lost' money in your IRA, but you're taking advantage of a decline, thereby paying less in taxes for the same expected tax-free outcome," says Tim Maurer, director of personal finance at BAM Alliance. --CNBC
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