SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Big Dog's Boom Boom Room

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Bearcatbob who wrote (150454)5/2/2011 4:03:51 PM
From: kollmhn  Read Replies (1) of 206325
 
"The first is it can put you over the threshold limit - not usually a problem if the exclusion stays at $5 million."

That's a two part issue. Yes, the conversion can put you over the thresh hold and make you subject to the Medicare tax (if you wait until 2013). However, whether you have a traditional IRA or have converted, both are still part of your estate. What exemptions you may utilize after 2012 may be sufficient to absolve you of estate taxes.......but, then, they may not be. We'll have to wait and see.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext