The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies


Subject:  TIRA to Roth Date:  2/15/2008  7:08 PM
Author:  numbrel Number:  98740 of 131234

Ok, say a very silly person forgot which of her IRA accounts are traditional and which are Roth accounts and she moved about $10k from a traditional account to a Roth account by mistake just this last week. Should she make estimated tax payments throughout the rest of year to cover the additional taxes she will owe, or can she put it away in ING and pay the tax April 2009?

Copyright 1996-2020 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us