Search Help


Enter one of more keywords to search. Use quotes for “exact phrase.” Note that '*' and '?' wildcards are supported.

When your search results appear, you can refine your search further: Sort for only results in which all search terms appear AND/OR sort by chronological order.

Article Date:
December 2014


Word Count:
1230

 

 

IRA Double-Win Strategy: Minimize Your Taxes Further by Rolling Them Forward and Backward


Estimated tax tip savings: By using a smart roll-forward, roll-backward strategy—from traditional IRA to Roth IRA and back—you can save thousands or even tens of thousands in taxes depending on the amount of your IRA holdings.

 

Your traditional IRA is like a tax time bomb waiting to explode: you’ll have to pay major taxes on your original contributions once you start cashing in your holdings.

 

Your best strategy for defusing this tax bomb is to act now. Start reducing your future tax bill by paying early—now—when you are in a wonderful year for extra tax.

 

That phrase might sound weird—“a wonderful year for extra tax”—but these do exist. Think of years in which you can absorb extra taxable income without increasing the actual taxes you have to pay, such as years when ... Log in to view full article.

Log in to view full article
Already a subscriber?
 
Email Address

 
Password

Log In

You'll be able to read the full article and get instant access to the last few issues of the Tax Reduction Letter

Not yet a subscriber?
 
with a money-back guarantee



 

SS