Extension News

Roth or Traditional IRA? Money Talk Class for Women Explores Retirement Planning, Other Issues

money talk

Note to media editors:

Note to media: Watch the video for testimonials from Money Talk participants.

3/19/2010

AMES, Iowa – Keep the traditional IRA or convert to a Roth IRA? A special rule from the IRS allows individuals to convert their traditional IRA to a Roth IRA during 2010 and split the taxes on the conversion between the 2011 and 2012 tax years, paying half each year.

“You always have options for converting IRAs,” said Pat Swanson, an Iowa State University Extension family resource management specialist. “But this new tax rule may give more Iowans reasons to consider making the conversion as part of their overall retirement planning.”

Women who aren’t sure what to do with their IRAs or have other questions about planning for retirement can sign up for ISU Extension’s Money Talk program, Swanson said. The course helps women become better informed money managers and take charge of their financial future. The next class begins April 19 and is available both online and as a home-study course.

In addition to retirement planning, Money Talk covers financial basics, insurance, investing and planning for life events, Swanson said. The course costs $75 and includes a 190-page workbook. Women can register through the ISU Extension Online Store (www.extension.iastate.edu/store, enter money talk in the search box) or call Human Development and Family Studies Extension, (515) 294-6568. The registration deadline is April 15.

Money Talk helps Iowa women increase their knowledge so they can make wise financial decisions, Swanson said. “You’ll learn financial terminology and money management skills to become a more informed consumer. You also will have the opportunity to complete exercises and interact with the instructor and other women in the course.”

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Contacts :

Patricia Swanson , Human Development & Family Studies, (515) 294-2731, pswanson@iastate.edu

Laura Sternweis, Extension Communications and External Relations, (515) 294-0775, lsternwe@iastate.edu