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re: Emergency Fund

Posted on 2/27/10 at 12:52 am to
Posted by NOMT
Baton Rouge, LA
Member since Mar 2007
575 posts
Posted on 2/27/10 at 12:52 am to
quote:

Raise your hand if you think Congress won't change the tax laws regarding the tax-free feature of Roth's before a twenty-something year old starts taking withdrawals from his account 40 years from now.


Fear of this exact scenario is the only 'risk' I see in converting my traditional IRA contributions to a Roth this year.
Posted by xenon16
Metry Brah
Member since Sep 2008
3533 posts
Posted on 2/28/10 at 4:30 pm to
I'm confused as to why no one on here seems to put any money into your Traditional. I thought one of the basics of tax planning was to accelerate deductions and defer income...
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