Fidelity Investments reports that Roth IRA conversions soared up four-fold in 2010 from a year earlier primarily as a result of its investors seeking out and finding the educational information they need to help minimize their tax obligations in retirement.
Approximately 220,000 total Roth IRA conversions were completed last year as investors raced to take advantage of the increased contribution limit and their ability to spread out tax liability over 2011 and 2012, Fidelity officials said.
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