Fund Firms Slow To Address IRA Conversion Opportunity

Post on April 14, 2010


Only two-thirds of mutual fund firms have moved to educate investors about new regulations that allow for the conversion of traditional individual and workplace retirement accounts into Roth IRAs regardless of income or marital status, according to a new study by Corporate Insight. The provision to the Tax Increase Prevention and Reconciliation Act went into effect this year, creating “an enormous opportunity for mutual fund firms to educate clients about the benefits of conversion, while potentially increasing the firms’ Roth IRA sales,” the New York research firm said. Estimates on the amount of assets eligible for conversion to Roth IRAs range from $1.5-2 trillion.


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