Details

Autor(en) / Beteiligte

• Heimer, Matthew

Titel

Credit Cards, Roth IRA, Wash Sales

Ist Teil von

• SmartMoney (New York, N.Y.), 2006-03, Vol.15 (3), p.38

Ort / Verlag

New York: Dow Jones & Company Inc

Erscheinungsjahr

2006

Quelle

EZB Electronic Journals Library

Beschreibungen/Notizen

• Because you'll owe income taxes on the money you convert, you should avoid transferring it all at once, or "you're going to pay a tax chunk like you've never seen in your life," says New York financial planner Gary Schatsky. If you move three-quarters of a million in one year, you'll expose most of the assets to the highest possible federal tax rates-between 28 and 35 percent. (For married couples filing jointly in 2006, the 35 percent top bracket kicks in at $336,550.)