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Reply to "1%ers: What are you doing with your $$ before Dec 31? "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]We're converting to Roth IRAs, adding $26k per child to 529 plans and probably selling off stocks with a lot if capital gains. Anyone else making money moves before the end of the year? [/quote] How can you be 1%ers and eligibile to open a Roth? We're 5%ers and still not eligible for Roth. Are you talking about converting a traditional and taking the tax hit in 2012?[/quote] Yes, converting and paying $350,000 tax in 2012 on the conversion. [/quote]
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