OK, now please explain to the drinkers in the crowd why that's a bad thing :)
On Fri, Oct 2, 2009 at 8:50 PM, Gruss Gott <[email protected]> wrote: > > 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:305029 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5
