Business Services Industry
Hurt by Roth IRA Conversion Taxes? Undo and Reconvert.
Knight Ridder/Tribune Business News, October, 1998 by Huntley, Helen
Knight Ridder/Tribune Business News
Oct. 12--The new Roth IRA with its tax-free earnings sounded like a great deal to Mary and Thomas Masi, who eagerly converted their old individual retirement accounts to Roths. But after the stock market's summer swoon, the move no longer looked so smart.
"We converted at just the wrong time," said Mrs. Masi, a 30-year-old freelance writer and editor of books on careers.
Now the Clearwater couple is joining a small but growing group of investors "undoing" their Roth conversions by taking advantage of an escape hatch Congress provided in August.
Mrs. Masi's three IRAs were worth $17,433 when she converted them to Roth IRAs in June. But by mid-September, their value had fallen to $14,368, a drop of...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Design a commission plan that drives sales - Sales Commissions
Presented by American Express