Posted On: 08/13/2015 2:12:19 PM
Post# of 41414
Tax Planning again: I just rolled over another 500,000 more shares from my traditional IRA to my 16-year old Roth account. (worth about $2,500 today)
I certainly don't want to pay taxes on withdrawing these shares from my traditional IRA when they are worth ~20 to 50 times more than today!! Taxes on the ~$2,500 withdrawn in 2015 will look like peanuts!
Now I have 1.5 mill shares in my Roth...tax free appreciation from now on. Yahoo!
Do it if you can!
SunRaven
3.5 more working days till my trip to Scandinavia. I hope I don't have to wait till then to see a PR!
I certainly don't want to pay taxes on withdrawing these shares from my traditional IRA when they are worth ~20 to 50 times more than today!! Taxes on the ~$2,500 withdrawn in 2015 will look like peanuts!
Now I have 1.5 mill shares in my Roth...tax free appreciation from now on. Yahoo!
Do it if you can!
SunRaven
3.5 more working days till my trip to Scandinavia. I hope I don't have to wait till then to see a PR!
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