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Yo, Henry.

<< There are so many scenerios that could be played out. … This issue is, of course, something that everyone needs to decide on themselves. As for me, I hope to make decent money throughout my career and I expect to have the discipline to save a large portion of it and I have many years for the nest egg to build up so I fully expect to be among the highest tax brackets when I choose to retire.>>

To me, that says it in a nutshell. There is no "one size fits all" answer. Everyone will have to examine this issue on an individual basis in the context of age, return, residence, and taxes. Planners of all stripes are gonna have a field day with this one as well as the other niceties of the Taxpayer Relief Act of 1997. And your personal filing system will be twice as complex as it is now.

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