2/08/2012 @ 3:40PM
Congress May Crush Key Tool For IRA Inheritors
Deborah L. Jacobs, Forbes Staff
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Let’s hope there’s enough of a public outcry that this legislation doesn’t pass. If it does, owners of traditional IRAs will have one more reason to convert them to Roth accounts. For more about Roth conversions, see my post, “Smart Moves For Battered IRAs” and two sophisticated strategies described here and here by Forbes Associate Editor Ashlea Ebeling. Meantime, stay tuned.
Hat tip to financial planner Michael Kirsh and CPA Robert Keebler for calling the pending legislation to my attention.
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More bad advice. Pay taxes now rather than later? Guess what tax rates in the future or ROIs will be. I never liked IRAs or 401Ks just because it put you at the mercy of the future politicians and bureaucrats. Argh!
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