Comments on: Is Converting a Traditional IRA to a Roth a Brilliant or Stupid Idea Right Now? http://frugaldad.com/2009/05/26/converting-traditional-ira-to-roth-ira/ Tips for living frugal while still having a life Sun, 14 Mar 2010 17:28:27 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: The Simple Dollar » The Simple Dollar Weekly Roundup: Bringing Back the Book Club Edition http://frugaldad.com/2009/05/26/converting-traditional-ira-to-roth-ira/comment-page-1/#comment-26468 The Simple Dollar » The Simple Dollar Weekly Roundup: Bringing Back the Book Club Edition Wed, 10 Jun 2009 14:01:49 +0000 http://frugaldad.com/?p=2701#comment-26468 [...] Is Converting a Traditional IRA to a Roth a Brilliant or Stupid Idea Right Now? I actually get this question fairly often - and I agree with the conclusion. It entirely depends on the assumptions you make and your own situation - there is no blanket right answer, just like the 401(k) versus Roth IRA debate. (@ frugal dad) [...] [...] Is Converting a Traditional IRA to a Roth a Brilliant or Stupid Idea Right Now? I actually get this question fairly often – and I agree with the conclusion. It entirely depends on the assumptions you make and your own situation – there is no blanket right answer, just like the 401(k) versus Roth IRA debate. (@ frugal dad) [...]

]]> By: Kevin M http://frugaldad.com/2009/05/26/converting-traditional-ira-to-roth-ira/comment-page-1/#comment-25248 Kevin M Wed, 27 May 2009 13:39:13 +0000 http://frugaldad.com/?p=2701#comment-25248 Another really important point to consider here is the upcoming Roth IRA change in 2010 that would allow you to pay the tax on conversion over two years - 2011 and 2012. Basically deferring half the tax a full year and the other half 2 years. The 2010 change will also allow people with over $100k in Modified AGI to convert, something that's not available now. Another really important point to consider here is the upcoming Roth IRA change in 2010 that would allow you to pay the tax on conversion over two years – 2011 and 2012. Basically deferring half the tax a full year and the other half 2 years.

The 2010 change will also allow people with over $100k in Modified AGI to convert, something that’s not available now.

]]> By: marci http://frugaldad.com/2009/05/26/converting-traditional-ira-to-roth-ira/comment-page-1/#comment-25245 marci Wed, 27 May 2009 13:07:17 +0000 http://frugaldad.com/?p=2701#comment-25245 20 years down the road one would be 90.5 yrs old - well over the average life expectancy. So that's a consideration also. I looked at the 10 year rates for comparison instead. And while I am planning on 103 myself (or at least late 90's which is what the family seems to run), not everyone is gonna live that long. So yes - depends on whether you are just building wealth and want some to pass along to heirs, or want to spend freely in your old age. I'm just going to take from your article that there is no pat answer to this question - and remember that part. Thanks for doing the math for us :) 20 years down the road one would be 90.5 yrs old – well over the average life expectancy. So that’s a consideration also. I looked at the 10 year rates for comparison instead. And while I am planning on 103 myself (or at least late 90’s which is what the family seems to run), not everyone is gonna live that long.

So yes – depends on whether you are just building wealth and want some to pass along to heirs, or want to spend freely in your old age. I’m just going to take from your article that there is no pat answer to this question – and remember that part. Thanks for doing the math for us :)

]]> By: DDFD at DivorcedDadFrugalDad http://frugaldad.com/2009/05/26/converting-traditional-ira-to-roth-ira/comment-page-1/#comment-25239 DDFD at DivorcedDadFrugalDad Wed, 27 May 2009 11:38:23 +0000 http://frugaldad.com/?p=2701#comment-25239 Considering the fact that tax will have to go up in the future . . . this is a topic well worth considering . . . better to pay the piper now. Considering the fact that tax will have to go up in the future . . . this is a topic well worth considering . . . better to pay the piper now.

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