No. of Recommendations: 0
Do the tax math. Do you want to pay more in taxes or less? The obvious answer is less.
Now may be the time to convert your IRA. Although you will pay some out in taxes, it will be less at this point in time than years down the road.
You know what your tax bracket is right now. With the state of the economy and all of the "loans" our goverment is taking out to cover the bail out (I say loans because the money has to come from somewhere) they will need funds to cover the $700 billion.
Where will the money come from? The tax payer. How will that happen? Raise tax rates. Not to mention the fact that most States are also in dire financial straits- how are they going to cover? Raise state income taxes.
Depending on your age- you may want to look at a fixed index annuity.
You will see gains as the market gains, but as the market goes down your annuity is safe from the loss as it freezes. Once the market comes back up, your annuity also starts to climb. There is no ground to make up.
Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.