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URL:  http://boards.fool.com/interesting-what-about-putting-money-into-a-30872781.aspx

Subject:  Re: Coverdell ESA Date:  9/16/2013  2:46 PM
Author:  TMFPMarti Number:  119153 of 121061

Interesting. What about putting money into a non-deductible Traditional IRA then immediately converting into a Roth IRA to get around max income Roth IRA limits.

Would you consider that gaming the system, or tax avoidance strategy, or?


I call it making use of a loophole which Congress could easily close, which is perfectly legal and requires no conspiracy.

And of course it wouldn't be theft. It would be with my sister's blessing.

Oh, my bad. See conspiracy above, now that you've dragged your sister into it.

Phil
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