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Author: TMFPMarti Big funky green star, 20000 posts Home Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121144  
Subject: Re: Coverdell ESA Date: 9/16/2013 2:46 PM
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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
Rule Your Retirement Home Fool
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