As Congress debates Affordable Care Act health insurance subsidies amid the government shutdown, financial advisors are watching for how 2026 changes could impact client tax planning.
One issue in limbo is Roth individual retirement account conversions, which are popular among younger retirees looking to trim pretax retirement account balances.
Roth conversions transfer pretax or nondeductible IRA funds to a Roth IRA to start tax-free growth. However, the converted balance boosts your income, which can impact eligibility for ACA premium subsidies.
Here’s a look at other stories affecting the financial advisor business.
Here are some key things to know about ACA health insurance subsidies — and how changes could impact future Roth conversions.
