June 29, 2007, Newsletter Issue #53: Traditional IRA and Tax Form 8606

Tip of the Week

If you convert your Traditional IRA to a Roth IRA, you may still be subject to pay income tax and part of the contribution. To make sure that you properly file the right paperwork, you should fill out Tax Form 8606. You should also seek counsel from your Financial Planner and personal accountant if you need more help.

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