A year ago it was unthinkable that Congress would allow the estate tax to disappear. It did, and the estates of several billionaires who died this year, including New York Yankees owner George Steinbrenner, have escaped taxation. ... -- Convert to a Roth. Regardless of income, you can convert a traditional IRA or 401(k) into a Roth IRA. You'll pay income taxes on converted amounts that haven't been taxed yet, but future Roth withdrawals will be tax-free. ...
Effective January 1, 2010, the income tax limit for transferring assets from a traditional Individual Retirement Account (IRA) to a bRoth/b IRA is permanently dropped. These conversions will be subject to income tax, but future withdrawals ...
