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IRAs and Roth IRAs
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Re: Anyone Can Convert Their IRAs and other Qualified Retirement Accounts to a Roth In 2010

Yes, that's exactly what I'm saying. It's a great opportunity for people whose income is too high to allow them to contribute to a Roth IRA.

I wrote about this opportunity last month in an article called: Should You Convert to a Roth in 2010? available at www.mdtaxes.com/news0509.html.

I'm also not a huge fan of people in the higher tax brackets going with the Roth 403b. I wrote about that topic last April in an article called A Rant About Roths available at www.mdtaxes.com/news0408.html.

I was reading the paper today, and an article stated that the President should explore implementing a Value Added Tax (VAT) like they have in Europe, and then reducing the current income tax rates. If that happened, that would cause the Roth strategy to completely backfire.

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