Friday, October 8, 2010

CBS 60 MINUTESARE TAX RATES GOING UP?
Anyone who thinks their tax rates will be higher in the future should consider converting to a Roth IRA.
Anyone who thinks they won't should watch this this 60 MINUTES segment that aired March 4, 2007

From CBSnews.com:
As correspondent Steve Kroft first reported earlier this year, he is the nation's top accountant, the comptroller general of the United States. He's totaled up our government's income, liabilities, and future obligations and concluded that our current standard of living is unsustainable unless some drastic action is taken. And he's not alone. It's been called the "dirty little secret everyone in Washington knows" – a set of financial truths so inconvenient that most elected officials don't even want to talk about them, which is exactly why David Walker does.

Click this link to go CBSnews.com where you can watch this 60 MINUTES segment

Monday, September 27, 2010

Tax-Free Retirement Income

SUZE ORMAN"I CAN'T WAIT TO CONVERT MY SEP-IRA"
Sweeping New Tax Laws allow for millions more Americans to gain the advantages of “Tax-Free Retirement Income. The Tax Increase Prevention and Reconciliation Act of 2006 included a provision dealing with conversions of a traditional IRA to a Roth IRA--significant because it will soon allow for tens of millions more Americans to now be eligible to convert to gain the benefits of tax-free income.
Suze Orman http://finance.yahoo.com/expert/article/moneymatters/5160 has gone on record for her support of the wisdom of Roth conversions by saying “I personally can't wait to convert my SEP-IRA.”