Are you a federal employee (or know someone that you care about that is)? If so, you should learn about this special program that’s about to end and/or share it with them.
I know this information won’t affect most of you, but if it does it could dramatically cut your retirement taxes and that’s why I wanted to pass this along to everybody. And almost all of us know someone that works for Uncle Sam.
Depending on one’s federal lifetime earnings, a person may be able to move $100,000’s into a Roth IRA without owing tax. I sure wish I could do that!
“That $100,000 or $200,000 or $300,000 now sitting in your taxable account can be relocated into a tax-free Roth IRA, without generating a penny of income tax!
And that ROTH could be invested anywhere that any other ROTH could. (I’ve got some great ideas – lol!)
Long-time federal workers have a unique opportunity for tax-free retirement income… but immediate action is vital. Under President Obama’s proposed budget, after tax rollovers to Roth IRAs will end next year.”
You (or your friends and family) can read the full article here:
http://www.fedsmith.com/2015/02/16/turn-your-taxable-portfolio-into-a-tax-free-retirement-account/
all the best… Mark