Arnie - I understand your point of view with the uncertainty of the future. I am in my upper twenties so it would be a good hedge the future by splitting funds between an IRA and Roth IRA. The issue I see is that since I am not able to get the tax deduction on a regular IRA (due to income...
I currently don't have a regular IRA so it doesn't apply to me but I believe you are correct about paying taxes on the proportional amount being converted.
It is possible to open an new IRA and just convert that IRA? I would assume it isn't but thought I would throw the idea out there.
Was wondering if anyone has tried the following approach to funding a Roth IRA for 2011 that makes more than the IRS income limits. I have talked to one CPA and he doesnât see anything wrong with it but also doesnât do taxes on individuals either and recommended I talk to someone more...
Not to contribute to the rumor mill but saw this on another site.
"Rumours on twitter, Greek PM to resign, Eurgroup meeting cancelled, real reason for sell off, should have been risk on with job numbers" (On a EUR/USD forum)