Oct 26, 2009 | Posted by: roboblogger
Full story: San Bernardino County Sun![]()
Comments
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I'd be careful following this advice. I certainly wouldn't do business with this guy.
The issue with Roth conversion is that you are paying taxes now that could be deferred until many years later. To convert now, you are betting that your tax rate will be higher in the future. That may not be wise because government taxing strategies change all the time. If a value added tax is implemented., you'll lose big. With a traditional IRA you can withdraw without penalty if you die or are disabled. ie, it is a sort of life/disability insurance program. You can also borrow funds for short periods of time. Roth's are no slam dunk by any means. |
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