Financial markets continued their winning ways in the first quarter of 2010 marking four consecutive quarters of positive stock market returns. The chart at right shows the impressive performance of small company stocks during the past three months and the fact that all major asset classes had positive returns.
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Individuals are permitted to convert their Traditional IRAs (“TIRA”) to Roth IRAs if they meet current income limitations set by the IRS. In 2010 the income limits are removed allowing anyone to convert. I set out to examine when OR if a client should convert their traditional IRA to a Roth IRA.
Like most things in life, the simple approach to doing something almost always tends to be the best. This theory holds true when it comes to investing and is one of the cornerstones behind our investment philosophy.
“Gross return in the financial markets, minus the cost of financial intermediation, equals the net return actually delivered to investors.”
– John Bogle
