Putnam expands availability of online Roth IRA tool
By Gary Linnell
ProWEB Wire (Industry News)
Putnam Investments this week announced that it would expand the availability of its Roth IRA Conversion Evaluator, making it accessible to financial advisors' clients, rather than only to the advisors themselves.
The online tool asks investors for information on taxable, tax-deferred and tax-free assets, as well as other information, such as the client's age and legacy plans, to help determine how beneficial a conversion to a Roth individual retirement account would be. In addition, the tool provides clients with an idea of what would be the best amount for a Roth conversion.
By making the tool available to individuals, the company hopes to open up communication between high income investors and advisors.