Good Reasons for Roth IRA Conversions Starting in 2010, anyone with a traditional IRA can convert all or part of it to a Roth IRA. Once you have had a Roth IRA for at least five years and after you are age 59˝, all withdrawals are tax free.
You’ll owe income tax on a Roth IRA conversion. If you convert in 2010 you can elect to defer the tax payments to 2011 and 2012. Even with this deferral, you probably will pay income tax much sooner than you would have paid if you had kept the money in a traditional IRA. Why would you want to accelerate those tax...
Selecting a Structure for Your Small Business If you decide to go into business, you must choose how to structure the business. Operating as a sole proprietorship is the easiest approach: you don’t have to fill out any...
Higher Costs for Long-Term Care People who need long-term care are paying more each year. You may be able to partially protect yourself by buying a long-term care insurance policy when you’re relatively...
Year-end Tax Planning for Investors If you expect to sell securities for a profit in a taxable account, consider doing so in 2009 while tax rates are at low levels. Some predict that those rates may soon move...
