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Company News RothProfessional.com: A New Website To Help Financial Advisors Understand the 2010 Roth IRA Conversion Opportunity
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RothProfessional.com: A New Website To Help Financial Advisors Understand the 2010 Roth IRA Conversion Opportunity
Thursday, 18 February 2010 19:22
FOR IMMEDIATE RELEASE
Waltham, MA – February 18, 2010 - Archimedes Systems, Inc., in partnership with Convergent Retirement Plan Solutions LLC, has announced the launch of RothProfessional.com. The portal provides financial advisors with access to the Roth Conversion Optimizer™ and a comprehensive library of source documents related to the pertinent laws, regulations and rulings concerning Roth IRA conversions starting in 2010.
According to Mike Book, National Sales Director at Archimedes, “While the advisor community is clearly energized by the 2010 Roth opportunity, many have stated that they do not currently have access to advanced planning tools and resources needed to help their clients make a fully-informed Roth IRA conversion decision. By integrating our Roth IRA Conversion Optimizer™ with a comprehensive library of Roth resources within one advisor-direct portal, we have created an extremely powerful, efficient, and cost-effective turnkey solution for the advisor community.”
Ben Norquist, president and CEO of Convergent Retirement Plan Solutions, LLC, adds “We’ve been extremely pleased with the positive feedback we have been receiving from the advisor community regarding our overall approach to the Roth market and to Roth IRA conversion analysis. As we worked with various advisor groups during 2009 to help them prepare for the 2010 Roth IRA changes, we were struck by the insatiable appetite the advisor community currently has for advanced Roth IRA knowledge and tools. We believe RothProfessional.com will fulfill an important niche for the advisor community within the rapidly evolving Roth IRA market.”
Key resources within RothProfessional.com include the Roth Conversion Optimizer™, a series of short Roth educational video clips, a comprehensive Roth reference library, and a fully-sourced compendium of frequently asked questions. The centerpiece of RothProfessional.com, the Roth Conversion Optimizer™, is a next-generation Roth IRA conversion analysis tool that allows advisors to model ten different conversion amounts simultaneously to help clients select an optimal Roth IRA conversion amount based on a variety of user inputs. While viewing the projected net benefits for ten different conversion amounts, advisors are able to do detailed sensitivity analyses using a wide range of variables, including future tax rates, amount of outside assets available to pay conversion taxes, first and second generation income goals, and anticipated life expectancy. In addition, the Roth Conversion Optimizer™ can assist advisors in quantifying the potential advantages specifically attributable to the fact that Roth IRA assets are exempt from required minimum distributions (RMDs). The tool also provides a detailed PDF output report.
About Archimedes
Archimedes is a leading provider of web-based college and retirement planning decision support tools and personalized communications tools that inform, educate, and motivate employees, participants, individuals and advisors to take action. Since 1991, Archimedes has specialized in designing and building customized applications for retirement, personal finance, education funding, and employee communications. For more information, visit www.archimedes.com or call 781-647-1110.
Convergent Retirement Plan Solutions, LLC, is a firm comprised of seasoned retirement industry veterans dedicated to creating tailored compliance, education and business development solutions for the retirement services industry. The principles of Convergent have hands-on experience in virtually all aspects of the retirement services industry from retirement product design and development to marketing, sales and distribution, to servicing and administration. For more information, visit www.convergentrps.com or call 218-824-4903.
Contacts:
| Mike Book | Connie Spaulding |
| Archimedes Systems, Inc. | Convergent Retirement Plan Solutions, LLC |
610-913-1000 or | 218-824-4903 |
| mbook@archimedes.com | Connie.Spaulding@convergentrps.com |