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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"Rothification" of retirement savings in the US- We've been telling audiences about this for 7 months. ow.ly/F84x30g1REQ
About 2 days ago from TheWashingtonUpdate's Twitter via Hootsuite
Big step taken tonight in Senate, passing budget. Begins the process towards tax reform.
About 3 days ago from TheWashingtonUpdate's Twitter via Hootsuite
Budget resolution close, but odds improving. GOP must pass in order to move on tax reform.
About 5 days ago from TheWashingtonUpdate's Twitter via Hootsuite
Healthcare-Potential bi-partisan agreement. Funds CSR subsides for 2 yrs, states get more flexibility. Can it pass? ow.ly/psBa30fWAYM
GOP tax framework calls for the repeal of the estate tax. Inter party disagreements showing, as we predicted. ow.ly/TMIn30fWdX9
About 6 days ago from TheWashingtonUpdate's Twitter via Hootsuite