Should I consider a Roth IRA?
The tax man cometh, but at least right now he's giving some warning. Next year (and only next year), income limits currently set at $120,000 for singles and $176,000 for married couples filing jointly are being removed on converting traditional IRAs into Roth IRAs. That means savers at all income levels will be able to take advantage of the tax-exempt Roth. Making such a conversion is basically a bet that taxes will be higher in the future, so paying them up front in a Roth will save you money down the line. "There's a lot of high net individuals that should be converting," says Joe Leonard, a consultant at Coastal Investment Advisors.
[See A Guide to Roth IRA Conversions]
kim of OR @ Jun 03, 2009 10:46:01 AM
kim of OR @ Jun 03, 2009 10:43:52 AM
daqimo of ID @ Apr 14, 2009 16:00:39 PM