Thread: Money Retirement Plans
View Single Post
Old 12-30-2012, 12:45 PM   #20
alnorth alnorth is offline
.
 
alnorth's Avatar
 

Join Date: Dec 2002
Location: Iowania
Casino cash: $47371288
Quote:
Originally Posted by Tits McGee View Post
Roth IRA's are bit tricky.
First, if you make over 120,000 a year, your not eligible for a Roth.
Second, converting a conventional IRA to Roth is going to cost you, tax penalties etc.
2013 is going to have some challenges. I would look at the bond market. It's not sexy, but you will have some protection.
Well, if you make only a little over 120k, funding a 401k could bring you down to being eligible.

As for bonds, interest rates are very, very low. They eventually will have to rise. When that happens, look out. Investing in bonds means you think interest rates will stay low for a while, but I'm steering clear.
__________________
<ptp> how many emo kids does it take to change a lightbulb?
<Willy> HOW MANY?!
<ptp> none they just sit in the dark and cry
Posts: 28,061
alnorth has an IQ even higher than Frankie's.alnorth has an IQ even higher than Frankie's.alnorth has an IQ even higher than Frankie's.alnorth has an IQ even higher than Frankie's.alnorth has an IQ even higher than Frankie's.alnorth has an IQ even higher than Frankie's.alnorth has an IQ even higher than Frankie's.alnorth has an IQ even higher than Frankie's.alnorth has an IQ even higher than Frankie's.alnorth has an IQ even higher than Frankie's.alnorth has an IQ even higher than Frankie's.
  Reply With Quote