Word: limiters
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Dates: during 1990-1999
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...expected to sign a sweeping IRS-reform bill that includes "technical corrections" governing the popular Roth IRA. Mostly, the corrections close loopholes. So don't look for any big changes, like expanding eligibility for those earning more than $100,000 a year. As I've argued before, that low limit unfairly precludes many nonwealthy couples in big cities from converting their old IRAs to a Roth. Still, nagging obstacles are about to get obliterated, opening the door for wider use of this powerful savings tool...
...will be allowed to convert an existing IRA to a Roth, and you can wait until you file your tax return to revert to the old IRA penalty free. That means that if you expect to be just under the income limit, you can convert now without fear of stiff penalties should you find that you miscalculated...
...White House can claim that since Clinton is required to have the agents near him, he still deserves the same privacy he would if he could be alone with his lawyer." And as Cohen points out, that?s only one stall tactic of many: "There?s really no limit to the ideas a clever lawyer can come up with." Well, they don?t call it the ?long national nightmare? for nothing...
Here in the state where the speed limit is whatever you think is reasonable and prudent, a state that lives in a self-imposed exile from the other 49 while it considers whether to just be its own republic, Rod Lincoln had grown tired of life as a school superintendent and bought a saloon 15 years ago in Clinton, Mont. That's probably more of a lateral move than you might think, because you still have to wake people up occasionally, still have to expel troublemakers and still have to lead and inspire...
...family limited partnership effectively allows you to make a gift of assets at a discount of as much as 40% of their actual value, thus allowing you to give about $16,000 tax free per person per year--considerably more than the customary $10,000 limit. It works because the assets in a partnership, which has restrictions, are deemed less valuable than the same assets in an unrestricted account...