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

To: kollmhn who wrote (150452)	5/2/2011 3:42:30 PM
From: Bearcatbob	Read Replies (1) \| Respond to of 206323

The whole issue of IRA conversion is a major focus of estate planning. A large traditional IRA left as an inheritance can be a real challenge for your kids in two ways. The first is it can put you over the threshold limit - not usually a problem if the exclusion stays at $5 million (don't bet on it). And then there is the state estate tax - in Ohio it is brutal - so many elders relocate to Florida. The next problem is that it is ordinary income to your inheritors - but they can stretch it out. Ah - but there are ways to beat it - eg life insurance. The whole game is a pain in the butt. Bob