OT. Sort of if you don`t believe.... Tax Bill

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jldmt

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OT. Sort of if you don`t believe.... Tax Bill

posted on May 11, 2006 11:33AM

Does anyone know or know where to find the specifics on this pending bill?

http://www.usatoday.com/news/washington/2006-05-11-taxcut_x.htm?ord=1

``Under the bill passed Wednesday, wealthier people would be allowed to transfer retirement savings into Roth IRAs. This would provide a shorter-term revenue boost, and therefore helped lawmakers fit more measures into the bill. That`s because money moved from traditional IRAs into Roth accounts is taxed immediately, instead of later, when taxpayers withdraw their invested money``

Just trying to plan my good fortune here.

Go long!

TIA

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