SOURCE: Impact Technologies

September 28, 2009 10:29 ET

Impact Technologies' New Roth IRA Conversion Analysis Software Simplifies the Process for Financial Service Professionals and Clients

Innovative Tools Address New Rules for 2010

CHARLOTTE, NC--(Marketwire - September 28, 2009) - Impact Technologies Group, Inc., a leading manufacturer of software tools for the insurance and financial service industry, announces the release of a new suite of Roth IRA conversion analysis tools. This software helps financial service professionals and their clients understand how and why conversions to Roth IRAs can affect short and long-term plans for retirement income security.

Effective January 2010, the Roth IRA becomes available for a wider spectrum of savers. Higher-earning individuals, who were previously shut out of Roth IRA accounts, will be able to convert to this tax-free accumulation vehicle.

"In 2010, for the first time, every person in the United States with an IRA can qualify for conversion to a Roth IRA, creating the opportunity for tax-free growth of their retirement investment dollars," said David Freitag, Vice President of Marketing for Impact Technologies Group. "By converting traditional pre-tax retirement funds to tax-free retirement funds, all US taxpayers can now shelter some, or all, of their retirement savings from the uncertainties of increased income taxes in the future."

According to Freitag, another attractive feature is the ability for investors to defer their tax payments created by the conversion of Traditional IRAs to Roth IRAs. "Those who convert to Roth IRAs in 2010 can spread their tax liabilities across 2011 and 2012. This helps reduce their immediate tax exposure."

This new feature in the tax code will dramatically increase the demand for expert financial guidance and advice regarding the 2010 Roth conversion event. "Roth IRA conversions can be complex and need to be reviewed on an individual-by-individual basis. This is why the addition of innovative Roth conversion software is so very important to financial service professionals and their clients," explained Freitag.

With minimal data entry, the Impact Roth conversion software makes it easy to determine whether a Roth conversion is a good option for a successful retirement planning strategy. Examples of these new tools can be seen by visiting Impact's web site,

About Impact Technologies Group, Inc.

Since the company's inception in 1981, Impact's products have been distinguished by their innovative designs. Impact software is renowned for its unique use of graphics in both on-screen and printed presentations. Impact tools are used by financial service professionals throughout the United States and the United Kingdom. The use of "PlanLab Real Life Logic(SM)" helps model and explain their clients' options for the future. Visit for more details about other products available from Impact.

Contact Information

  • Impact Media Contact:
    David G. Freitag, CLU, ChFC, CRPC
    Vice President, Marketing
    Email Contact