When you withdraw the money, the deductible contributions you made to a traditional IRA and the income that's been earned inside the IRA will be taxed, as ordinary income. But there is an alternative that you can elect. New rules (effective starting in 2010) make that alternative available to everyone with a traditional IRA.
Protecting Your IRA – Part 3: Saving Big on a Roth Conversion
- Post author:The Daily Bell
- Post published:July 29, 2010
- Post category:Education / Network Archives
Tags: Austrian economics, CLibertyC CLCs, constitutional liberty coalition, Daily Bell, free enterprise, limited government, The Daily Bell
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