To Roth or Not to Roth?

Now that 2010 has arrived, people whose incomes were previously too high to permit them to rollover a traditional IRA to a Roth IRA are calling their investment houses about making conversions. That’s because for the first time, even if your annual income exceeds $100,000, you can convert a traditional IRA — or a SEP… Read More »

More Estate Tax Uncertainty

The Estate Tax laws will change, it is just a question of when.  My best educated guess is that the politicians will put this off, either as suggested below, or by extending the current law.  They will then address this after the mid-term elections next November.  (At what point is it fair to say that… Read More »

Has your IRA lost value in the down market? Do you think taxes will go up over the next few years? Take advantage of it.

In 2010, all taxpayers will have an opportunity to convert their traditional IRAs to Roth IRAs. Currently there are restriction based on level of income and marital status. In 2010 these restrictions will be removed. This is an opportunity for taxpayers to lock in current income tax rates on account values that have lost value… Read More »

Summary of the proposals to change estate taxes before the 01/01/2010 estate tax repeal takes affect.

H.R. 436 – Rep. Earl Pomeroy (ND-at large):
Makes the current exemption of $3.5 million and the rate of 45% permanent. (Estates between $10 million and $23.5 million would be taxed at 50%.). H.R. 96 – Rep. Michael Conaway (TX-11): Increases to $1.85 million the maximum reduction amount for alternative valuations of farmland and other business… Read More »