
6.Play The Conversion Game High-income folks who aren't eligible to open a deductible or Roth IRA are allowed to open a nondeductible IRA instead. Earnings are tax-deferred, not tax-free as they are in a Roth. Is it worth it? Sometimes. Under current law, starting in 2010, anyone--no matter what their family income--will be able to convert a pretax or aftertax IRA into a Roth. Those doing conversions in 2010 get a special break: They can recognize the income from the IRA withdrawal in two installments, in 2011 and 2012. This bizarre two-year allocation owes its life to a congressional budget gimmick.






Quoting from [eve]:good !
6.Play The Conversion Game High-income folks who aren't eligible to open a deductible or Roth IRA are allowed to open a nondeductible IRA instead. Earnings are tax-deferred, not tax-free as they are in a Roth. Is it worth it? Sometimes. Under current law, starting in 2010, anyone--no matter what their family income--will be able to convert a pretax or aftertax IRA into a Roth. Those doing conversions in 2010 get a special break: They can recognize the income from the IRA withdrawal in two installments, in 2011 and 2012. This bizarre two-year allocation owes its life to a congressional budget gim .
Quoting from [rainybaggio]:
Quoting from [eve]:good !
6.Play The Conversion Game High-income folks who aren't eligible to open a deductible or Roth IRA are allowed to open a nondeductible IRA instead. Earnings are tax-deferred, not tax-free as they are in a Roth. Is it worth it? Sometimes. Under current law, starting in 2010, anyone--no matter what their family income--will be able to convert a pretax or aftertax IRA into a Roth. Those doing conversions in 2010 get a special break: They can recognize the income from the IRA withdrawal in two installments, in 2011 and 2012. This bizarre two-year allocation owes its life to a congressional budget gim .