Are you worrying about your future…
…and what you need to do NOW to make sure your retirement money doesn’t run out?
It is a tricky process of planning, much like sitting on a 3 legged stool. Read the rest of this entry »
Archive for June, 2010
Roth IRA – Estate Tax Rate vs. Income Tax Rate
On June 16th
2009’s estate tax rate was 45%, and…
the 2009’s highest income tax rate was 35%, so:
If your estate was larger than the 2009 exemption amount of $3.5 million you may have been able to save 10% in estate taxes by converting to a Roth IRA.
Roth IRA’s allow for a two (2) generation tax-free stretch on distributions.
Meaning distributions for you and your beneficiaries are tax-free.
