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Natalie Choate quoted in “Deciding Whether a Roth Is Right”

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New York Times

Natalie Choate, a member of the firm’s Trusts and Estates practice, was quoted in “Deciding Whether a Roth Is Right” in the New York Times on October 15. The article discusses the fact that starting in 2010 anyone can convert a traditional Individual Retirement Account to a Roth I.R.A. Natalie points out that you will need to pay income tax if you withdraw investment income from any Roth within five years of setting up your first Roth I.R.A. Therefore, she suggests converting a small sum now if you don’t already have a Roth in order to start the “marinating period.” This way if you decide to convert more funds later at least part of the five-year period will have passed.

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