There is always a target for bad tax policy, and these days it seems to be the rich. Every scheme designed to raise tax revenue is usually based on taxing the rich more, taxing the poor less, and generally redistributing wealth so that society is fair. Sadly, however, the non-wealthy but frugal and hard-working citizen often […]
Tag: "roth IRA"
assignment writing p>If I am insane for encouraging young people to think about retirement, then I am in good company. The Wall Street Journal ran an ticle this weekend on how college graduates can save even while paying off student loans. Nest eggs are not made overnight, so It”s really never too early to think […]
Several months ago, I wrote about the pros and cons of converting a traditional IRA to a Roth IRA (see Roth 2010: Should You Convert?). Beginning this year, any individual can convert to a Roth IRA and take two years to pay the taxes, regardless of household income level (in previous years, only those with […]
Do you want to pay the piper now, or later? Currently, only households making less than $100,000 a year or spouses filing jointly can convert their traditional Individual Retirement Account (IRA) into a Roth IRA. But as noted in a recent those restrictions will be lifted in 2010, so that workers of any income level […]