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Roth IRA Conversion Benefits and Drawbacks

For Immediate Release
March 26, 2010

Contact:
Christina Ginchereau
856-797-8082 x 221
christinag@pfacentral.com

Pinnacle Financial Advisors Presents Roth IRA Conversion Benefits and
Drawbacks to NAPFA Study Group

Marlton, NJ (March 26, 2010) – Pinnacle Financial Advisors’ Harry Scheyer, CPA/PFS, CFP and Danielle Rothberg, CFP made a presentation on the applicability of Roth IRA conversions to the Delaware Valley study group of The National Association of Personal Financial Advisors (NAPFA), the country’s leading professional association of Fee-Only financial advisors. The 45 minute presentation to the study group, which was held in the metropolitan Philadelphia area, covered the following items:

Roth Conversion Basics
Red Flags on When Not to Convert
Four Overall Types of Conversions
Determining Conversion Amounts
Other Issues
- Pro-rata Rule for Roth Conversions
- Roth Legacy Trust
- Roth IRA Recharacterization
- Roth Conversion Traps
- Strategies to Ease the Roth Conversion Tax Pain

The key takeaways were the importance of knowing the clients’ current and future needs and taking the time to thoroughly evaluate whether the situation merits a conversion to a Roth IRA. A Roth conversion is not suitable for everyone, though in the right situation, it can be very beneficial. Pinnacle Financial recommends against using a Roth conversion calculator, as there is no substitute for using a professional planner to evaluate whether the conversion is the right move for a particular individual.

Pinnacle Financial representatives are available to speak on the Roth IRA conversion to interested groups and individuals. Please contact Christina Ginchereau at christinag@pfacentral.com or (856) 797-8082 x221.

About NAPFA
Since 1983, The National Association of Personal Financial Advisors (NAPFA) has provided Fee-Only financial planners across the country with some of the strictest guidelines possible for professional competency, comprehensive financial planning, and Fee-Only compensation. With more than 2,100 members across the country, NAPFA has become the leading professional association in the United States dedicated to the advancement of Fee-Only financial planning.

For more information on NAPFA, please visit www.napfa.org.

About Pinnacle Financial Advisors
Pinnacle Financial Advisors is a fee-only, SEC registered investment advisory firm providing
comprehensive financial planning and investment portfolio design and management. For more information on Pinnacle Financial Advisors, please visit www.pfacentral.com.

Pinnacle Financial Advisors, L.L.C
11000 Lincoln Drive West, Suite 8
Marlton, NJ 08053
800-504-5040

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