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19 July 2018, 12:05 AM | #31 |
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19 July 2018, 12:07 AM | #32 | |
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19 July 2018, 03:08 AM | #33 |
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19 July 2018, 04:16 AM | #34 |
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19 July 2018, 06:05 AM | #35 | |
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I think his wife's parents (who were also loaded) also dumped some serious cash into those accounts. |
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19 July 2018, 06:08 AM | #36 |
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19 July 2018, 06:17 AM | #37 |
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Do you mean convert a traditional to a Roth and take the tax hit on the conversion immediately? I looked at this when I was in the AMT zone where it would have been at the 28% rate, but once you earn past the AMT that is a large nut to take (albeit lower in 2018), especially in high tax jurisdictions like NYC and CA. But you are correct this is a very good option for younger people who earn too much but are looking for ways to grow earnings tax free.
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