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Author: lindytoes Big gold star, 5000 posts Top Recommended Fools Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121585  
Subject: Re: Just for discussion and/or information Date: 4/14/2012 9:47 AM
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Well, I told you I don't know anything about taxes. I thought I provided enough information, but apparently not.

My investment guy told me about two years ago if I converted my regular IRA to a Roth IRA I could split the tax cost over two years. It was some sort of special 2-year deal. Last year's taxes was the first year of the 2 years (which I am sure you guys know). Anyway, my tax guy said that was a ploy by the gov't (IRS?) to get money now. And it worked. He said I would have been better off to wait until I had to get the money, then do it in smaller amounts. It wasn't even that much, about $25K I think. Half of that put me into another tax bracket, and this year's taxes will be the same. It cost me almost $3k in taxes each year. What a deal!
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