The Economy and Other Retirement Account MysteriesThe Economy and Other Retirement Account Mysteries
The economy and the markets were major factors in retirement plans last year. Roth individual retirement account 2010 conversions were recharacterized in the wake of declining account values. And during desperate times, some IRA owners were victimized. On the bright side, the income tax cost of converting to a Roth IRA, including reconverting a recharacterized Roth IRA, will remain constant through
Michael J. Jones
The economy and the markets were major factors in retirement plans last year. Roth individual retirement account 2010 conversions were recharacterized in the wake of declining account values. And during desperate times, some IRA owners were victimized. On the bright side, the income tax cost of converting to a Roth IRA, including reconverting a recharacterized Roth IRA, will remain constant through the end of 2012, with the top tax rates set at 35 percent. After that, the Bush tax cuts are slated to expire, sending the top rates back up to 39.6 percent, unless Congress intervenes. Whether they will intervene remains a mystery.
Alternate Valuation
The Internal Revenue Service has proposed regulations on alternate valuation e...
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