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Roth IRA Conversions? Better Wait and See.

Prairie Eco-Thrifter

But, alas, now our wonderful elected leaders are discussing ways to ‘close this loophole’ (according to Forbes ) and force heirs to take distributions from any inherited IRA within 5 years. You do the math, but my calculator shows that is $400K a year. Your heirs will have to take all of that out within 5 years.

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Totally Money Blog Carnival #18 – 6 Ways to Save Money Edition

Prairie Eco-Thrifter

I did this yeas ago when I was in debt and it made paying off the debt a reality. Tax Debt Help presents Savers Tax Credit: Get Rewarded for Retirement. Jim presents How to Calculate Your Full Effective Tax Rate. Your tax bracket only tells part of the tax story, here’s how you can calculate your real tax burden.