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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Ed Ajootian who wrote (142377)	12/7/2010 8:51:32 AM
From: CommanderCricket	7 Recommendations Respond to of 206177

The key reason why I haven't converted my traditional IRA's into a Roth is I don't trust the government from changing the rules in a few years. It would be so easy for the government to look at the money sitting in Roth's and traditional IRA's and figure out a way to put their grubby little hands on them. Tax free gains from a Roth can easily be spun into "the rich (savers) are getting a break they don't deserve". Cynical Cricket I am....

To: Ed Ajootian who wrote (142377)	12/7/2010 9:02:30 AM
From: Bearcatbob	Respond to of 206177

"... minimum distributions starting when you turn 70. With a traditional IRA, the longer you live the tougher it becomes to leave very much in the IRA." That is an issue. I am 63 so I have absolutely no idea of what tax policy will be when I hopefully get to 70. For all we know there will be a "personal property/wealth tax" of some sort to pay our debt. The whole concept of managing "income" for tax purposes is a challenge. I actively try to capture losses during dips - ie sell stock A in industry Y and ride stock B up in industry Y to recover the move. This is something that I will pay more attention to next year. That approach from the two Black Swans of this spring - the Obamatorium and Greece - has solved the problem for this year. Bob

To: Ed Ajootian who wrote (142377)	12/7/2010 11:53:46 AM
From: profile_14	1 Recommendation Read Replies (1) \| Respond to of 206177

Ed, two questions, unrelated to each other. Been absent for a while, I know... The first is have you looked at the END 6% Jan 2012? I am thinking of picking some up at around 97.75 for a 8.2% yield. Second, on the Roth conversion, have you determined what your future tax rate might be at retirement (with little income assumed) and the tax free compounding vs. the penalty of paying your lumps today? That's my quandry in converting... Thanks and best regards,