* You are viewing Posts Tagged ‘ROTH’

New for 2010 – Rollover to Roth IRA conversions

Mike January 18, 2010 Money and Business

This may not be of value to very many, but for those few it may be VERY valuable. For those with a “traditional” IRA or a “rollover” IRA, you may be one of the people that it’s VERY valuable for. As we’ve covered before in our “Do the minimum” retirement post, there is one major difference between a traditional (or rollover) IRA and a Roth IRA. With a traditional, the earnings of the money in the account are tax deferred. With a Roth IRA, they are tax free. This is a large advantage of the Roth for those that will have large amounts of appreciation in their IRA accounts. The traditional IRA does have something in its favor however, and that is it reduces your taxable income for the current year. For example, if you make $50,000 and contribute $5,000 to your traditional IRA, you will pay taxes on $45,000. Continue Reading

My current financial holdings

Mike July 20, 2009 Money and Business

I’m not obligated by the SEC to declare what my holdings are, but I do enjoy doing it from time to time, just to track publicly how I am doing. I freely admit my losers when I have them, and try and state my winners ahead of time, so that I am on the record in favor of a stock BEFORE it runs up. It’s been a while since I’ve posted about stocks at all so I’ll just jump right in.