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Articles about the work of Alexis Leondis

Roth IRA Conversions
futureofcapitalism.com

Bloomberg News has an article on taxes that runs under the headline "Tax Passage Gives U.S. Wealthy Interest-Free Loans for Roth IRA Transfers." It begins:

The extension of current income-tax rates gives wealthy taxpayers the equivalent of an interest-free loan if they convert a regular Individual Retirement Account to a Roth by Dec. 31.

Investors in traditional IRAs pay taxes up front on conversions to Roth IRAs to get tax-free withdrawals later. Earners in the highest tax brackets who expected rates to rise next year were faced with reporting all the additional income from conversions on their 2010 returns. With the tax legislation, wealthy savers can now defer and use those tax dollars to earn something, according to Christine Fahlund, a senior financial planner at Baltimore-based T. Rowe Price Group Inc.

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Roth IRA Conversions
futureofcapitalism.com

Bloomberg News has an article on taxes that runs under the headline "Tax Passage Gives U.S. Wealthy Interest-Free Loans for Roth IRA Transfers." It begins:

The extension of current income-tax rates gives wealthy taxpayers the equivalent of an interest-free loan if they convert a regular Individual Retirement Account to a Roth by Dec. 31.

Investors in traditional IRAs pay taxes up front on conversions to Roth IRAs to get tax-free withdrawals later. Earners in the highest tax brackets who expected rates to rise next year were faced with reporting all the additional income from conversions on their 2010 returns. With the tax legislation, wealthy savers can now defer and use those tax dollars to earn something, according to Christine Fahlund, a senior financial planner at Baltimore-based T. Rowe Price Group Inc.

Read More...


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Alexis Leondis

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