TD Ameritrade unveiled a series of tools and resources to help investors better understand how the 2010 Roth IRA modifications might affect their retirement benefits.
Among the tools, which were introduced Wednesday, are two types of Roth Conversion Analyzers. The professional version is designed to help TD Ameritrade’s registered investment advisory clients answer their clients’ in-depth questions.
“More than half of our clients indicated in a recent survey a desire to learn more about Roth IRA conversions,” said Diane Young, the director of retirement and goal planning at TD Ameritrade. “There are many types of investor personalities, and we are prepared to support all of them, from the self-sufficient to those who require advice and guidance.”
Several other financial services companies offer similar Roth IRA conversion education tools, including Charles Schwab, Convergent Retirement Solutions, T. Rowe Price and Vanguard.
TD Ameritrade’s consumer-focused version of the Roth Conversion Analyzer is intended to help individuals make more informed decisions about whether a conversion is right for them. It presents answers to frequent questions such as: How can the Roth IRA conversion help protect me from future tax rate increases? Do tax rates have to go up significantly for me to possibly benefit from a Roth IRA conversion? Is there a benefit to a conversion if tax rates stay the same (or decrease) in the future?
There is also an online chat room designed to address clients’ IRA conversion questions with immediate responses, support and expert guidance from a dedicated group of retirement planning counselors.
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