if i'm reading this correctly, i'm fine (this is one time, it's all about ME <g>) -- my sister is my only heir and she's likely to empty both accounts (IRA and Roth) ASAP .. so anything i can convert saves her taxes on the IRA Yes, and no.Any taxes paid, also reduce the estate. If your estate is large enough to trigger inheritance taxes, then pre-paying income taxes is good. Otherwise, it is a trade-off of your current income tax rate compared to her future income tax rate.
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra