The Entrepreneur's Solution: Business Tips | Wealth | Lifestyle | Entrepreneur | Success

When thinking about our financial future we want what is best for us and our family. For some people, this looks like creating retirement accounts that can help their money grow over time. These accounts come in different types and have different benefits. And in every wealth plan, there’s one thing you can’t avoid…taxes. Taxes are simply a part of every financial journey BUT your job is to only pay the amount you are legally required to, not one penny more. Considering that tax rates could approach 50% or more depending on the state you live in, it isn’t a decision to take lightly. But what if you could have a portion of your retirement or wealth be completely tax-free? Cool idea, right? That’s effectively what a Roth is. No tax deduction when you put money in AND no taxes on any amount when you withdraw it (after age 59 ½) on any of the growth or the contributions. Some people already have an IRA, or a different type of account, and they’re trying to figure out if making a conversion to Roth IRA is the best