Head's Up... Convert Your Regular IRA to "Roth IRA" before Dec. 31

Discussion in 'Economics' started by Scataphagos, Dec 10, 2012.

  1. Scataphagos

    Scataphagos

    If you have a substantial Regular IRA, could be a HUGE advantage to convert to a Roth IRA... and LIKELY better before 12/31/2012.

    Best to convert the entire balance and pay the taxes from other sources, if possible. Do a net search for explanation.

    FWIW...
     
    #1     Dec 10, 2012
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  2. Scataphagos

    Scataphagos

    In case you're wondering...

    In spite of "income limitations to contribute to a Roth IRA", since 2010 anybody with a regular IRA can convert to a Roth... and pay the taxes due NOW.
     
    #2     Dec 10, 2012
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