Join Early Retirement Today
Thread Tools Search this Thread Display Modes
2010 conversion to Roth IRA
Old 02-18-2008, 11:41 AM   #1
Confused about dryer sheets
Join Date: Feb 2008
Posts: 1
2010 conversion to Roth IRA


Recently media have started recommending opening non-deductable IRAs for people who do not qualify for traditional IRAs, so that in 2010 they can convert to Roth IRAs (per 2006 tax law change). My question is does anyone worry that this law can change or be canceled by Democrats as part of rolling back Bush tax-cut plans? In other words, what are the chances that people may get stuck with non-deductable IRAs and not be able to convert due to law changes by the time 2010 come around?

Thank you


js1000 is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 02-18-2008, 12:10 PM   #2
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
youbet's Avatar
Join Date: Mar 2005
Location: Chicago
Posts: 9,531
Yes, that worry has come to mind.

The Dems probably won't change dates and/or requirements because doing the conversion generally generates tax revenue, something they won't want to stop.

Even if they did change the rules, a non-deductible IRA can be useful.

"I wasn't born blue blood. I was born blue-collar." John Wort Hannam
youbet is online now   Reply With Quote
Old 02-18-2008, 12:19 PM   #3
Full time employment: Posting here.
Join Date: Oct 2007
Location: New York
Posts: 898
I agree with youbet - this is a short-term revenue generator, I don't see it being at risk regardless of who takes over.

I personally intend to take full advantage of it.
Money's just something you need in case you don't die tomorrow.
Maurice is offline   Reply With Quote


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
T-IRA to Roth Conversion in 2010 Maurice FIRE and Money 20 11-04-2007 03:01 AM
Conversion of Traditional IRA to ROTH packrat44 FIRE and Money 19 08-19-2007 12:36 PM
?? for uber-savers, non-deductible IRA to Roth IRA in 2010 LOL! FIRE and Money 8 12-21-2006 12:25 AM
Not eligible for Roth IRA - conversion? Lusitan FIRE and Money 9 02-23-2006 10:00 AM
Traditional IRA to ROTH conversion charlie FIRE and Money 8 02-13-2006 05:52 PM


All times are GMT -6. The time now is 08:15 PM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2016, vBulletin Solutions, Inc.