Tax question regarding New 2006 IRA rule

Hi all--

I read somewhere saying high-income folks who never bother with an IRA because they can't qualify for either a Roth or a deductible Traditional IRA should contribute this year. Beginning in 2010 everyone can convert an existing traditional IRA into a Roth IRA regardless of income (until then, only individuals and couples with incomes below $100,000 are able to convert).That is like getting potentially a six-figure retirement nest egg that's absolutely tax-free (not tax-deferred).

Any CAP/tax expert want to enlighten us on this? Any pitfalls on this? Greatly appreciated!

所有跟帖: 

回复:Tax question regarding New 2006 IRA rule -煤格- 给 煤格 发送悄悄话 煤格 的博客首页 (1719 bytes) () 02/15/2007 postreply 20:12:13

Thank you very much! But if the AGI is too high, that new -MDGG- 给 MDGG 发送悄悄话 MDGG 的博客首页 (257 bytes) () 02/16/2007 postreply 08:22:19

回复:Tax question regarding New 2006 IRA rule -煤格- 给 煤格 发送悄悄话 煤格 的博客首页 (221 bytes) () 02/15/2007 postreply 20:26:18

Thanks! I guess that's why Bush signed that (?) TIRPA -MDGG- 给 MDGG 发送悄悄话 MDGG 的博客首页 (230 bytes) () 02/16/2007 postreply 08:29:28

回复:Thanks! I guess ... -煤格- 给 煤格 发送悄悄话 煤格 的博客首页 (446 bytes) () 02/16/2007 postreply 10:17:23

回复:回复:Thanks! I guess ... -MDGG- 给 MDGG 发送悄悄话 MDGG 的博客首页 (478 bytes) () 02/16/2007 postreply 18:58:16

请您先登陆,再发跟帖!