Yeah, yeah, I know. I’m a broken record at this point. I can only discuss 401k Roth conversions. The reason is the payoff is simply too big to ignore, tax free wealth along with some of the strongest asset protection.
The downside to any Roth conversion is the price tag, you have to pay taxes on the value of the assets that you convert. So. . . . what if I told you there is a loophole, actually its more like a massive black hole, that may in fact allow you to move your assets from your traditional account to the Roth account, with no taxes?
Yep, you heard me right, it appears the tax code will allow for IRA conversions and 401k conversions without an initial tax hit. A full explanation is on subscription side of our blog.