Quote:
Originally Posted by sik68
I am young (28, everyone on this forum tells me this is young) and have been biding my time until 2012 to convert my SEP into a Roth IRA...my wife started school, so her not working lowers our tax rate. Seems to be prudent to switch to a Roth early in your investing career or other low tax situations, when your income is less. Give as little to the man as possible.
The Roth cynics have warned me that in the long run, congress will not be able to keep their hands off the Roths and will implement a tax to get us again at withdraw. Can't say I disagree with their cynicism but I'm sure you will still come out way ahead vs. not converting in the first place.
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It's hard to predict what will happen but it seems unlikely that they'd go after roths as they are essentially for the middle class, and Congress has shown an aversion to doing anything that will bother older people, the people who tend to vote, and by the time they would consider this (after they look at the various other ways being talked about in this thread), most people with strong Roths would be part of that group.