The Roth revolution : pay taxes once and never again / James Lange.

Format:

Book

Author/Creator:

Lange, James, 1956- author.

Language:

English

Subjects (All):

Retirement income--United States.

Retirement income.

Individual retirement accounts--United States.

Individual retirement accounts.

Physical Description:

1 online resource (228 pages) : illustrations

Edition:

1st ed.

Place of Publication:

New York, New York State : Morgan James Publishing, [2011]

Summary:

"Clearly explains the remarkable advantages of Roth IRAs and their role in estate planning." --Burton G.Malkiel, author of A Random Walk Down Wall Street A Roth IRA conversion requires paying taxes on the portion of your IRA or 401(k) that you convert, but then that money can grow income tax-free for the rest of your, your spouse's, your.

Contents:

Intro

Cover

Praise for The Roth Revolution: Pay Taxes Once and Never Again

Title

Copyright

Acknowledgments

Foreword

Table of Contents

What's New

Convert 401(k)s to Roth 401(k)s

No Income Limitations

Tax Rate Increases

Health Care Reform Act Surtax

Defer and Spread Income

Oldies but Goodies, Classic Concepts Regarding Roth IRA Conversions

Special Notes to the Reader Regarding Several Technical Issues

The Use of the Phrase "Measured in Purchasing Power"

Journalistic Accuracy Comment

Investment Rate

Topics that are not Covered in the Roth Revolution

Roth IRA Conversions and Non-traditional Investments

Planning for Long-Term Care

Chapter One Roth Ira Conversions and the Dream of Tax-Free Income for Generations

A Quick Review of Traditional Tax Planning

The Roth IRA Conversion Rationale

The Secret-Measuring Wealth Using Purchasing Power Instead of Total Dollars

The Simple Math (Arithmetic) Behind the Secret

Chapter Two Measuring the Benefits of a Roth Ira Conversion

Measuring the Benefits of Your Roth IRA Conversion for your Children and Grandchildren

Why You Will Likely Die with a Roth IRA

The Unique Features of an Inherited Roth IRA

What Happens if You Die and Leave Your Roth IRA to the Next Generation?

Chapter Three Measuring the Benefits of Roth Ira Conversions in Light of two New Tax Increases

Children of High Income IRA Owners

The Benefits of Roth IRA Conversions to the Third Generation of High-Income Taxpayers

Are these Pie in the Sky Projections of the True Value of a Roth IRA Conversion to Your Family?

Summary of New Effective Tax Rates Comparing 2010 with 2011 Rates and 2013 when Health Care Reform Takes Effect

The Benefits of a One-Million-Dollar Conversion

The Next Generation of a High Income Tax Bracket Family Converting 1M.

The Benefits to the Grandchildren of Mr. Roth IRAs 1M Conversion

The Reduced Estate and Inheritance Taxes Associated with a Roth IRA Conversion

Chapter Four A Deathbed Roth Ira Conversion Story

Chapter Five My Roth Ira Conversion Story: How I Got Started With Roth Ira Conversions

My Roth IRA Conversion Story

A Roth IRA Conversion Douses the Impact of a Devastating Fire

Subsequent Events

Chapter Six The Three Buckets of Money Story

Chapter Seven Typical Roth Ira Conversion Advice: It is Not Usually Advantageous to Convert The Entire Ira

2010 Tax Rates for Married Filing Jointly

What Happens if Your (or Your Heirs') Tax Rate Will Change?

A Surprising Pattern of Over-Converting if You are Over 70

The General Concern about Raising Tax Rates

What About Changes in the Tax Law that Could Make a Roth IRA Conversion Disadvantageous?

What if You Don't Have the Money to Pay the Tax on the Conversion from Outside the IRA?

Illustration of the Extreme Situation when there is No Money to Pay the Tax on the Conversion

Chapter Eight How Much and When You Should Convert to a Roth Ira

Roth IRA Conversion Software

How to Calculate How Much Money You Should Convert to a Roth IRA Using a Comprehensive Analysis

What Assets Are You Allowed to Convert to an IRA?

Story - Kevin &amp

Debbie Smith: Married Couple in Mid-60s

Biography

Analysis, Discussion and Recommendation

Gifting Recommendations

Estate-Planning Documents

In the Final Analysis

Chapter Nine Converting Non-Deductible Iras and After-Tax Dollars in Retirement Plans Without Having to Pay Any Taxes

Converting Non-deductible IRAs to Roth IRAs

After-Tax Dollars Inside Your Retirement Plan

After-Tax Dollars Inside Your IRA

How to Qualify to Make a Tax-Free Roth IRA Conversion If You Have Both After-Tax and Pre-Tax in Your IRA.

For Readers Who Are Still Working and Also Have a Non-deductible IRA

What If You Are Retired?

Roth IRA Conversions of After-Tax Dollars in Your Retirement Plan if You Are Still Working

Active Employees Making Ongoing IRA and Retirement Plan Contributions

The Reporting and Accounting of After-Tax Dollars Inside Your IRA and Retirement Plan

Chapter Ten An Aggressive Strategy-the Roth Launcher-Recharacterizing or Undoing A Roth Ira Conversion

The Problem This Strategy Solves

Hedge Your Bets

Do You Really Have to Segregate Your Roth IRA Accounts?-Yes!

An Example of the Wrong Way to Do It

Rules Governing Recharacterizations

Procedure for Re-characterizing a Converted Roth IRA Back to a Traditional IRA

Multiple Roth Conversions and Recharacterizations

The Amount Recharacterized Differs from the Conversion Amount

Case Study: Roth IRA Conversion Made in Year One

Pitfalls of the Roth Launcher (Option 4)

Time Line for Converting to a Roth IRA and Then Recharacterizing Back to a Traditional IRA

Year One

Year Two

The November Shuffle -The Really Advanced Convert and Recharacterize Strategy

The Mechanics of Filing Your Tax Return with this Horse Bet Strategy

Combining Strategies into One Great Roth Launcher Process

Warning! Warning! Warning! and Disclaimer

The Epiphany of the Aggressive Strategy with Steve's "Roth Launcher" Process

The Middle Road

Chapter Eleven The Potential Pitfalls of a Roth Ira Conversion

Don't Get Me Wrong and Let This Chapter Dissuade You

Investment Risk

Potential Changes in the Tax Law

Risk of the Elimination of the Income Tax

Risk of Lower Tax Rates In the Future

Charitable Beneficiaries

The Risk (or Certainty) of Additional Complication and Paperwork

Story - Vincent &amp

Edith Butler: Sometimes a Roth IRA Conversion Doesn't Pay.

Biography

Chapter Twelve The Synergistic Strategies of Roth Ira Conversions and Delaying or Even Returning Your Social Security

Delaying Social Security and Roth IRA Conversions

Returning Your Social Security Benefits

Chapter Thirteen Specific Advice to Taxpayers in Different Tax Brackets

Zero Percent Tax Bracket Readers

The Ten Percent Bracket Readers

The Fifteen Percent Bracket Readers

The Twenty-Five and Twenty-Eight Percent Tax Bracket Readers

The Thirty-Three Percent Tax Bracket Readers

People in the Top Tax Brackets Who are Likely to Remain There

Chapter Fourteen Times When You Should Spend Your Roth Ira

Roth IRA Useful for Large Single Year Spending Needs

Roth IRA Useful for Smaller Multi-Year Spending Needs

Chapter Fifteen Roth Ira Conversions and Charitable Beneficiaries

Non-Proportional Beneficiary Designations Adds Value for Heirs and Charities

A Common Mistake

Legacy Impact of Combining Charitable Gifts with Roth IRA Conversions

Life Insurance with Charitable Bequests and Roth Conversions

Story - Sarah Wilson: Charitably Inclined Reader

The Most Cost Effective Method of Providing for Charity for Senior IRA Owners

You Can Deduct a Greater Amount of Large Charitable Gifts by Using your IRA to Help Fund the Gifts

Consider Supersizing Your IRA Charitable Gift by Using it to Fund a Life Insurance Policy for Your Charity

If You Have After-Tax Dollars in Your IRA, Making IRA Gifts Now Will Make Roth IRA Conversions More Attractive in the Future

Reducing Your AGI through Using your IRA to Make Charitable Gifts Can Have Many Additional Tax Benefits for You

Chapter Sixteen Roth Iras, Roth 401(K)S and Roth 403(B)S in the Accumulation Years.

You Are On Your Own Because Big Brother Can't Spare a Dime

Basic Roth IRA Information

Roth IRA Eligibility Rules

Traditional IRAs

Roth IRA vs. Traditional IRA

Total Spending Power of Savings Methods

Roth 401(k) Plans and Roth 403(b) plans and the New Contribution Limits

What Are These Roth 401(k) and Roth 403(b) Plans?

Special Note for Teachers and Other Municipal Workers

Roth 401(k) vs. Traditional 401(k)

Chapter Seventeen Estate Planning for Roth Ira Owners

Which Assets Should You Spend First?

What Happens to a Traditional IRA if You Leave it to Your Spouse?

What Happens if You Leave Your Roth IRA to Your Spouse?

What Happens After an IRA Owner Dies and Leaves the IRA to a Non-Spousal Beneficiary?

Why Dying with a Traditional IRA is Not So Bad

What if Your Child is a Spendthrift?

What Happens if You Leave Your Roth IRA to a "Non-Spouse" Beneficiary?

Naming Young Children as Beneficiaries of IRAs and Roth IRAs

The Best Estate Plan for Traditional Married Couples with IRAs and Roth IRAs

Estate Taxes

The Cruelest Trap of All

The Best Estate-Planning Solution for Traditional Couples

A Cascading Beneficiary Story

A Cascading Beneficiary Story with a Twist

Second-To-Die Policies for IRA Owners

Variations on Lange's Cascading Beneficiary Plan

Chapter Eighteen Roth Conversions Now Possible In 401(K) and 403(B) Plans

The Killer Strategy That Could Make a Tremendous Difference in Many Lives

Chapter Nineteen Combining Different Strategies

The Combining Different Strategies Story

Paul and Carol's Family

Paul and Carol's Financial Situation

Legal Recommendations for Combining Retirement Strategies

Retirement Plan Strategies

Life Insurance Recommendation

Other Gifting Recommendations

Summary of Savings from Recommendations

Appendix.

Additional Resources and Reading.

Notes:

Description based on print version record.

Description based on publisher supplied metadata and other sources.

ISBN:

1-60037-858-7

OCLC:

1237864048