Not all renters are skimping by with a few grand in the ol’ down payment fund crying because they are not homeowners.

As a matter of fact, some own a business, own cash flowing rental property, have a net worth exceeding $2M and have been maxing out their SEP IRA at the tune of $42k a year for years. In 2010 they plan to take advantage of a new tax law that will allow them to convert the Sep to a Roth IRA and pay the tax with all the cash they saved renting.

2010… age 41… with 600k in a Roth… how sweet it is being a renter.