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(former)FormerSanDiegan
Participant[quote=waiting for bottom]Starting in 2010, everyone is basically eligible for the Roth. You have to contribute to a traditional, but can transfer to Roth at any time.[/quote]
Sort of…
While you can convert traditional IRA contributions to a ROTH with no income limits you will have to pay taxes if you have other existing IRAs. The conversion from a traditional to a Roth requires that you consider ALL of your IRAs in computing any tax that might be due.
So, if you have 95K in a rollover IRA for example and you want to contribute $5K to a traditional IRA in 2010 and convert to a ROTH, you pay tax on 95% of your conversion.
This is not exactly the same as being eligible to contribute to a Roth.
ParticipantI think Michael Moore’s career just jumped the shark.
ParticipantI think Michael Moore’s career just jumped the shark.
ParticipantI think Michael Moore’s career just jumped the shark.
ParticipantI think Michael Moore’s career just jumped the shark.
ParticipantI think Michael Moore’s career just jumped the shark.
ParticipantAn – please stop those darn reality checks.
It is easier for us to project recent losses over the past 4 years into the future.ParticipantAn – please stop those darn reality checks.
It is easier for us to project recent losses over the past 4 years into the future.ParticipantAn – please stop those darn reality checks.
It is easier for us to project recent losses over the past 4 years into the future.ParticipantAn – please stop those darn reality checks.
It is easier for us to project recent losses over the past 4 years into the future.ParticipantAn – please stop those darn reality checks.
It is easier for us to project recent losses over the past 4 years into the future.Participant[quote=Eugene][quote=flu]
Hmmm… Considering you posted this at 10:39pm on a Sunday night, seems like you’re not doing that much better in terms of living an “exciting” life, my sour grapes colleague.[/quote]
There’s always the possibility, however remote, that I posted this from my hotel in Aruba after spending all evening partying with a bunch of Sports Illustrated swimsuit models…[/quote]
That’s weird. Last time I went to Aruba and partied with the SI Swimsuit models I didn’t even realize that they had the internet there.
Participant[quote=Eugene][quote=flu]
Hmmm… Considering you posted this at 10:39pm on a Sunday night, seems like you’re not doing that much better in terms of living an “exciting” life, my sour grapes colleague.[/quote]
There’s always the possibility, however remote, that I posted this from my hotel in Aruba after spending all evening partying with a bunch of Sports Illustrated swimsuit models…[/quote]
That’s weird. Last time I went to Aruba and partied with the SI Swimsuit models I didn’t even realize that they had the internet there.
Participant[quote=Eugene][quote=flu]
Hmmm… Considering you posted this at 10:39pm on a Sunday night, seems like you’re not doing that much better in terms of living an “exciting” life, my sour grapes colleague.[/quote]
There’s always the possibility, however remote, that I posted this from my hotel in Aruba after spending all evening partying with a bunch of Sports Illustrated swimsuit models…[/quote]
That’s weird. Last time I went to Aruba and partied with the SI Swimsuit models I didn’t even realize that they had the internet there.
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