Roth IRA conversions done right
"My financial adviser told me to go ahead and do a Roth IRA conversion and it has already been completed." I hear this a lot in my line of work and my first question always is "Did your financial adviser instruct you to check with a CPA on what the tax implications of this transaction will be first?" Most of the time the answer is NO! A message to all financial advisers for the benefit of your clients - make sure you coordinate with a CPA before you embark on recommending a R