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Posted by Perplexed on November 23, 2006, 1:53 am
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Harlan Lunsford wrote:
> Perplexed wrote:
>> DH is 68. We live in a state with no income tax but will be
>> moving in a couple years to one with an income tax. I am
>> considering moving some of his regular IRA money to his
>> Roth. Our current tax bracket is 15%.
> I don't know who DH is, but only he can move his IRA money
> into a ROTH account. (IOW, it's not your decision.)
DH is my shorthand for Dear Husband. I do the reasearch,
lay out the options. After discussion we decide because the
tax consequences are shared the last time I read the IRCode.
I am younger and have IRAs that could be converted too.
>> Somewhere I heard that the Feds were going to offer another
>> 3-year averaging for Roth conversions? If true could you
>> link me to the details?
> First I've heard of this and I kinda doubt that the feds
> will be generous again. In fact I'm surprised that congress
> hasn't closed the "loophole"; but then again, I'm really
> happy they haven't. Yet.
After posting it appears that there is a 2-year window in
2010.
Thanks
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