I just ran across another sweet Bush-era giveaway: the 2010 Roth IRA conversion.
In case you are't familiar, Roth IRAs are tax-free savings accounts for anyone making $100K or less. If you make more than $100k then you have to go with a traditional IRA. Here's the basic difference (I think): * If you buy a stock with a Roth account, and it makes money, you never pay taxes on it (in retirement). * If you buy a stock with a traditional IRA account and it makes money you pay taxes on it when you withdraw the earnings. Except ... Bush decided those trad people should get a break. So in TIPRA 2005 he made this rule: for 2010 you can convert your traditional IRAs to Roths! And the timing is perfect because the market sucks so your investments all suck and thus conversion will never be cheaper. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Want to reach the ColdFusion community with something they want? Let them know on the House of Fusion mailing lists Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:305027 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5
