Comments on: Income Limits on Roth IRA Conversions Set to End http://www.myretirementblog.com/income-limits-on-roth-ira-conversions-set-to-end.html Retire happy, healthy and wise. Tue, 07 Feb 2012 11:13:49 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Randy Little http://www.myretirementblog.com/income-limits-on-roth-ira-conversions-set-to-end.html/comment-page-1#comment-68311 Randy Little Fri, 12 Mar 2010 05:17:26 +0000 http://www.myretirementblog.com/?p=593#comment-68311 Of course, there is a reason that this is being done, atleast in my eyes. Most of the wealthy people/upper class will be doing this for those exact reasons. The government may not get a second loan from China because of what we have been doing with this cash, and with our rates, and how we are running this country in general. I agree with China... We are being irresponsible and being unethical on basically every level of business, and need to insert capital punishment onto many of these people. At anyrate, this is a way for the government to pull in a massive amount of money in a spread out 2 year period to help get us by as the government takes the economic hit. While in late 2010 they will be working on cutting the budget (defense contracts, social security, entitlements, etc). This will hopefully include politicians, since they are paid for life just by being in office for 1 term. (and free health-care). This means we have 2 years, and Obama/Congress will be sinking us or saving us. Of course, there is a reason that this is being done, atleast in my eyes. Most of the wealthy people/upper class will be doing this for those exact reasons. The government may not get a second loan from China because of what we have been doing with this cash, and with our rates, and how we are running this country in general. I agree with China… We are being irresponsible and being unethical on basically every level of business, and need to insert capital punishment onto many of these people.

At anyrate, this is a way for the government to pull in a massive amount of money in a spread out 2 year period to help get us by as the government takes the economic hit. While in late 2010 they will be working on cutting the budget (defense contracts, social security, entitlements, etc). This will hopefully include politicians, since they are paid for life just by being in office for 1 term. (and free health-care).

This means we have 2 years, and Obama/Congress will be sinking us or saving us.

]]> By: Randy Little http://www.myretirementblog.com/income-limits-on-roth-ira-conversions-set-to-end.html/comment-page-1#comment-68310 Randy Little Fri, 12 Mar 2010 05:12:58 +0000 http://www.myretirementblog.com/?p=593#comment-68310 Crazy not to do this if you are atleast under 50 years old. If you save cash in your 401k and get tax deferred, you are getting taxed on money that you have accumulated over a large amount of time. It is much better to pay the tax up front, then earn a massive amount of money over the time and not pay tax on the earned income. Crazy not to do this if you are atleast under 50 years old. If you save cash in your 401k and get tax deferred, you are getting taxed on money that you have accumulated over a large amount of time.

It is much better to pay the tax up front, then earn a massive amount of money over the time and not pay tax on the earned income.

]]> By: Income Limits on Roth IRA Conversions Set to End | Retirement Financial Planning | Retirement Living | Retirement Information http://www.myretirementblog.com/income-limits-on-roth-ira-conversions-set-to-end.html/comment-page-1#comment-68309 Income Limits on Roth IRA Conversions Set to End | Retirement Financial Planning | Retirement Living | Retirement Information Thu, 24 Dec 2009 05:03:30 +0000 http://www.myretirementblog.com/?p=593#comment-68309 [...] Read The Full Story Here Retirement: News, Appraisals, Information, Research, Advice – Everything Life Settlements [...] [...] Read The Full Story Here Retirement: News, Appraisals, Information, Research, Advice – Everything Life Settlements [...]

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