05-17-2006, 03:33 AM
| |||
| |||
 Re: new Roth IRA conversion opportunity rick++ wrote: - quote - > The new tax law to take effect Wednesday removes the income
A six figure income you say? that would be a maximum of> ceiling for Roth IRAs for 2010 and allows conversion taxes > spread over two years. This is mainly a gimic to counteract > the cost of continuing the long term capital gains and > dividend tax cuts with a one-time infusion of Roth > conversion tax revenues. It allows people with six-figure > incomes to take advantage of Roth. $9,999.99. Nice increase. ChEAr$, Harlan Lunsford, EA n LA << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
|
#-1
05-17-2006, 12:52 AM
| |||
| |||
| new Roth IRA conversion opportunity The new tax law to take effect Wednesday removes the income ceiling for Roth IRAs for 2010 and allows conversion taxes spread over two years. This is mainly a gimic to counteract the cost of continuing the long term capital gains and dividend tax cuts with a one-time infusion of Roth conversion tax revenues. It allows people with six-figure incomes to take advantage of Roth. Note, there will be two new Congresses before 2010, so law could change again. << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
| Tags |
| conversion, ira, opportunity, roth |
Similar Threads | ||||
| Thread | Forum | Replies | Last Post | |
| Roth IRA Conversion Jon_Hildrum: How would I handle a conversion from a standard IRA to a Roth IRA ??? -- Jon Hildrum Jon_Hildrum@msn.com www.hildrum.com | Microsoft Money | 3 | 01-02-2008 07:17 PM | |
| After tax Roth conversion Ernie Klein: Since I am retired, my income is now low enough to make me eligible for a Roth IRA. Am I correct that I can convert all of my after tax... | Taxes | 4 | 02-23-2006 07:28 AM | |
| Does the 5-year wait period still apply in Roth conversion after age 59.5 or 70.5 and a question of how many days you have to roll from trad IRA to Roth. David Jensen: Does the 5-year holding period still apply in a traditional IRA to ROTH IRA conversion if you do so after age 59 1/2? What about if done after age... | Taxes | 1 | 03-25-2005 04:28 AM | |
| Roth IRA Conversion - What amounts are taxable in the conversion year. David Jensen: If one converts an Sep-IRA to a Roth IRA and the Sep-IRA contains growth from dividends that were classed as "return of capital" and therefore not... | Taxes | 11 | 01-24-2005 05:07 AM | |
| Roth Ira Conversion alex turchina: Does the AGI $100,000 limit for a IRA to Roth IRA conversion includes the amount converted or is the limit for other income before the IRA... | Taxes | 7 | 01-13-2004 03:49 PM | |
| Thread Tools | |
| Display Modes | |
| |
Linear Mode
