Comments on: Roth Mania! http://www.joetaxpayer.com/roth-mania/ Financial Commentary For The Average Joe Mon, 06 Feb 2012 21:56:17 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Merchant Cash Advance http://www.joetaxpayer.com/roth-mania/comment-page-1/#comment-30295 Merchant Cash Advance Fri, 29 Jul 2011 13:51:23 +0000 http://www.joetaxpayer.com/?p=1918#comment-30295 A great explanation of why the new rules for Roth conversion in 2010 are not for everyone. There are a limited few who should take advantage to benefit from this. Worth your time to read, and understand why this is really Roth Mania. A great explanation of why the new rules for Roth conversion in 2010 are not for everyone. There are a limited few who should take advantage to benefit from this. Worth your time to read, and understand why this is really Roth Mania.

]]> By: JOE http://www.joetaxpayer.com/roth-mania/comment-page-1/#comment-27896 JOE Fri, 04 Feb 2011 21:11:38 +0000 http://www.joetaxpayer.com/?p=1918#comment-27896 Malcolm, interesting. Glad you wrote. Never too late. After paying the 25%, you have $15K. If it grows 10 fold you have $150K. But if my $20K grows tenfold to $200K, it will still give you $180K if taxed at 10%, or the same $150K if taxed at 25% . The key point to the discussion is a conversion has you give up those extra dollars today. You can maximize your wealth by converting slowly over time and only in the same bracket, and withdrawing slowly as well. Malcolm, interesting. Glad you wrote. Never too late. After paying the 25%, you have $15K. If it grows 10 fold you have $150K. But if my $20K grows tenfold to $200K, it will still give you $180K if taxed at 10%, or the same $150K if taxed at 25% .

The key point to the discussion is a conversion has you give up those extra dollars today. You can maximize your wealth by converting slowly over time and only in the same bracket, and withdrawing slowly as well.

]]> By: MCA http://www.joetaxpayer.com/roth-mania/comment-page-1/#comment-27894 MCA Fri, 04 Feb 2011 17:10:56 +0000 http://www.joetaxpayer.com/?p=1918#comment-27894 I know I'm late to your post, but I thought I would ask the question.....Wouldn't you rather pay 25% of say 20,000 now and convert to a ROTH, vs 10% or say $200,000 later from not converting? I know I’m late to your post, but I thought I would ask the question…..Wouldn’t you rather pay 25% of say 20,000 now and convert to a ROTH, vs 10% or say $200,000 later from not converting?

]]> By: Black Coffee: Can You Feel It? There's Change In the Air! http://www.joetaxpayer.com/roth-mania/comment-page-1/#comment-23355 Black Coffee: Can You Feel It? There's Change In the Air! Sat, 18 Sep 2010 08:03:31 +0000 http://www.joetaxpayer.com/?p=1918#comment-23355 [...] - Roth Mania! And coming next week from Joe… Alternative Minimum Tax [...] [...] – Roth Mania! And coming next week from Joe… Alternative Minimum Tax [...]

]]> By: Weekend reading: Money Mavens http://www.joetaxpayer.com/roth-mania/comment-page-1/#comment-23234 Weekend reading: Money Mavens Wed, 15 Sep 2010 09:53:17 +0000 http://www.joetaxpayer.com/?p=1918#comment-23234 [...] Joe Taxpayer investigates Roth mania. [...] [...] Joe Taxpayer investigates Roth mania. [...]

]]> By: JOE http://www.joetaxpayer.com/roth-mania/comment-page-1/#comment-14639 JOE Mon, 11 Jan 2010 21:31:15 +0000 http://www.joetaxpayer.com/?p=1918#comment-14639 The post states "You can have as much as $885,000 in pretax accounts, and the withdrawals will not even put you into the 15% bracket." i.e. $885K is what it takes to just keep you in the 10% bracket! Anyone who has less than this much in pretax accounts should just ignore the conversion talk. The post states “You can have as much as $885,000 in pretax accounts, and the withdrawals will not even put you into the 15% bracket.” i.e. $885K is what it takes to just keep you in the 10% bracket! Anyone who has less than this much in pretax accounts should just ignore the conversion talk.

]]> By: Financial Samurai http://www.joetaxpayer.com/roth-mania/comment-page-1/#comment-14637 Financial Samurai Mon, 11 Jan 2010 21:17:46 +0000 http://www.joetaxpayer.com/?p=1918#comment-14637 Cool, thanks for highlighting. I like the $885,000/15% figure. Nice. Cool, thanks for highlighting. I like the $885,000/15% figure. Nice.

]]> By: Top 135+ Personal Finance Posts for 2009 (That can be used 2010 and beyond) http://www.joetaxpayer.com/roth-mania/comment-page-1/#comment-13799 Top 135+ Personal Finance Posts for 2009 (That can be used 2010 and beyond) Mon, 28 Dec 2009 17:30:09 +0000 http://www.joetaxpayer.com/?p=1918#comment-13799 [...] Roth Mania! a discussion of why the Roth account is not for everyone [...] [...] Roth Mania! a discussion of why the Roth account is not for everyone [...]

]]> By: Friday Finance Followers – I’m No History Professor Edition | Suburban Dollar http://www.joetaxpayer.com/roth-mania/comment-page-1/#comment-9371 Friday Finance Followers – I’m No History Professor Edition | Suburban Dollar Fri, 16 Oct 2009 12:36:02 +0000 http://www.joetaxpayer.com/?p=1918#comment-9371 [...] is covering some of the Roth IRA Mania going on. I think the United States just has way to much tax code creating all of these options and [...] [...] is covering some of the Roth IRA Mania going on. I think the United States just has way to much tax code creating all of these options and [...]

]]> By: JOE http://www.joetaxpayer.com/roth-mania/comment-page-1/#comment-9336 JOE Thu, 15 Oct 2009 13:26:52 +0000 http://www.joetaxpayer.com/?p=1918#comment-9336 Estate planning - absolutely. And worthy of another post, I think. Today's post was already pushing my luck on length. Too long and readers shy away. I'd be curious in the end what percent of people (A) Roth conversion is a good idea, and (B) the percent who actually convert, and of course, the overlap between those two groups. Estate planning – absolutely. And worthy of another post, I think. Today’s post was already pushing my luck on length. Too long and readers shy away. I’d be curious in the end what percent of people (A) Roth conversion is a good idea, and (B) the percent who actually convert, and of course, the overlap between those two groups.

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