Now's the Time to Consider a Roth Conversion of Aftertax Money
Take advantage of this loophole before proposed legislation takes it away at the end of the year.
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While the battle rages in Washington over which taxes to raise and which estate planning devices to kill, there is one loophole that is almost certainly going to be closed soon--by the end of this year if the current version of the bill passes: The Roth "conversion" of aftertax money in retirement accounts. Nobody is lobbying to save this little wealth-builder that should never have existed in the first place.