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Three retirement "loopholes" that won't last
Old 06-30-2015, 12:49 PM   #1
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Three retirement "loopholes" that won't last

Uh oh. No more free (or discounted) lunch...

Quote:
There are plenty of tips and tricks to maximizing your retirement benefits, and more than a few are considered "loopholes" that taxpayers have been able to use to circumvent the letter of the law in order to pay less to the government.

But as often happens when too many people make use of such shortcuts, the government may move to close three retirement loopholes that have become increasingly popular as financial advisers have learned how to exploit kinks in the law.
The three are:

1. Back-door Roth IRA conversions
2. The stretch IRA
3. "Aggressive" strategies for Social Security

Three retirement loopholes seen likely to close | Reuters
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Old 06-30-2015, 01:09 PM   #2
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I'm kind of relying on the roth conversion in my retirement years between end of work and SS. I've been contributing post tax money to my IRA for this purpose.

This may blow my strategy out of the water... Or perhaps force me to convert my 401k to IRA to start converting those.
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Old 06-30-2015, 01:12 PM   #3
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I was born at the wrong time. couldn't do backdoor Roths because I had too much in IRAs by the time Roths became available. Haven't inherited anything yet... so no opportunity to get a stretch IRA. Too young for SS.. so that will be gone. I bet when they fix SS, I'll be just young enough to get creamed by the changes.

Where they are correcting things that likely were not intended... that is fine. Likely should have done 1 and 3 a long time ago.
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Old 06-30-2015, 01:56 PM   #4
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Old Geezers wanting to marry a young one will be happy to know the "Viagra College fund" loophole isn't one on the potential chopping block I see.


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Old 06-30-2015, 02:43 PM   #5
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Beat you to it:Agressive SS Claiming Strategies Under Review?
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Old 06-30-2015, 02:45 PM   #6
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Quote:
Originally Posted by DFW_M5 View Post
You sure did.

I'll ask the mods to close this one...and the discussion can continue on your thread.
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