Do you think is it too soon to begin planning for the tax changes in 2010 or think about how it will impact your retirement account? Absolutely not.

“Now is the time to start to plan to take advantage of future tax-free funds”, says Hubert Bromma, CEO of the Entrust Group, the nation’s largest administrator of self-directed retirement plans.

The financial darling of 2010 will be the ROTH IRA.

Roth’s have been available since 1998. Unlike a traditional IRA where you pay tax on your distributions, a ROTH IRA is tax-free. Through 2009 you must meet certain income requirements in order to fund a ROTH IRA. However, starting January 1, 2010, the income limit for converting traditional IRA assets to a ROTH - $100,000 a year will be eliminated under a law that was enacted in 2006.

What this means is that no matter what income level you are, you can convert your traditional IRA to a tax-free ROTH IRA. Bear in mind there will be tax on the conversion, however, for those who take advantage of 2010 conversions, you can spread the conversion amount (tax owed) over your 2011 and 2012 tax returns.

The question we should all be asking is “how do we invest our money to get the greatest returns on a tax-free basis?” Many investors, business owners, and consumers are opting to learn about the beauty of self-directing their retirement plan and to focus their financial future on investments they, the IRA owner get to select. If standing up and taking financial control of your future sounds like something you want to do, visit The Entrust Group's website at

Whether you decide to stay with your traditional IRA or to convert to a ROTH, learn what you can or cannot do, get good advice and educate yourself on your options.

After all, it’s your money and no one will take as good a care of your money as YOU!

Author's Bio: 

Lisa Moren Bromma has been a real estate investor since 1978, a note investor since 1998 and has worked with some of the top private mortgage institutional buyers. She has also been a public speaker on this industry since 1991. She is Advisor to The Entrust Group, the nation’s largest administrator of self directed retirement plans.

She has authored several books including Real Estate Investing for The Utterly Confused and Wise Women Invest in Real Estate. Her next book will be out in late 2009.