Tax rates are likely to rise at year end as Washington considers whether to permit some or all of the Bush tax cuts to expire. On the other hand, tax reform efforts in 2013 could reduce rates. Fluctuating tax rates provide an interesting arbitrage opportunity for Roth IRA conversions in 2012. Investors who expect to remain in the same tax bracket in retirement might wish to convert their IRA to a Roth IRA this year, so that they can receive future earnings tax-free. If tax rates then fall next year, they can act before October 2013 to re-convert . . .
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Good reads on tax reform status, strategies and challenges.
About 2 days ago from TheWashingtonUpdate's Twitter via Hootsuite
Andy shares stage w/ Raymond James CEO Paul Reilly. Discussion included tax reform, DOL and potential govt shutdown. ow.ly/UOXF30bgsNU
GOP status re "Obamacare" repeal and replace efforts: Freedom Caucus signing on, but will moderates sign off? ow.ly/y84730be35C
About 3 days ago from TheWashingtonUpdate's Twitter via Hootsuite
Infrastructure deal impact ow.ly/zeNe30be2th
Biz winners/losers ow.ly/3bix30be2Do
CBO finds Fed Ees are more richly compensated, ON AVG, compared to pvt sector employees. Education biggest variable. ow.ly/mt7P30bbRBq
About 4 days ago from TheWashingtonUpdate's Twitter via Hootsuite