### WordPress - Web publishing software
Copyright 2011-2019 by the contributors
This program is free software; you can redistribute it and/or modify
it under the terms of the GNU General Public License as published by
the Free Software Foundation; either version 2 of the License, or
(at your option) any later version.
This program is distributed in the hope that it will be useful,
but WITHOUT ANY WARRANTY; without even the implied warranty of
MERCHANTABILITY or FITNESS FOR A PARTICULAR PURPOSE. See the
GNU General Public License for more details.
You should have received a copy of the GNU General Public License
along with this program; if not, write to the Free Software
Foundation, Inc., 51 Franklin St, Fifth Floor, Boston, MA 02110-1301 USA
This program incorporates work covered by the following copyright and
permission notices:
b2 is (c) 2001, 2002 Michel Valdrighi - m@tidakada.com -
http://tidakada.com
Wherever third party code has been used, credit has been given in the code's
comments.
b2 is released under the GPL
and
WordPress - Web publishing software
Copyright 2003-2010 by the contributors
WordPress is released under the GPL
---
### GNU GENERAL PUBLIC LICENSE
Version 2, June 1991
Copyright (C) 1989, 1991 Free Software Foundation, Inc.
51 Franklin Street, Fifth Floor, Boston, MA 02110-1301, USA
Everyone is permitted to copy and distribute verbatim copies
of this license document, but changing it is not allowed.
### Preamble
The licenses for most software are designed to take away your freedom
to share and change it. By contrast, the GNU General Public License is
intended to guarantee your freedom to share and change free
software--to make sure the software is free for all its users. This
General Public License applies to most of the Free Software
Foundation's software and to any other program whose authors commit to
using it. (Some other Free Software Foundation software is covered by
the GNU Lesser General Public License instead.) You can apply it to
your programs, too.
When we speak of free software, we are referring to freedom, not
price. Our General Public Licenses are designed to make sure that you
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We protect your rights with two steps: (1) copyright the software, and
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The precise terms and conditions for copying, distribution and
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### TERMS AND CONDITIONS FOR COPYING, DISTRIBUTION AND MODIFICATION
**0.** This License applies to any program or other work which
contains a notice placed by the copyright holder saying it may be
distributed under the terms of this General Public License. The
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Activities other than copying, distribution and modification are not
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is covered only if its contents constitute a work based on the Program
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**1.** You may copy and distribute verbatim copies of the Program's
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You may charge a fee for the physical act of transferring a copy, and
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use in the most ordinary way, to print or display an announcement
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These requirements apply to the modified work as a whole. If
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This section is intended to make thoroughly clear what is believed to
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**NO WARRANTY**
**11.** BECAUSE THE PROGRAM IS LICENSED FREE OF CHARGE, THERE IS NO
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EXCEPT WHEN OTHERWISE STATED IN WRITING THE COPYRIGHT HOLDERS AND/OR
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WRITING WILL ANY COPYRIGHT HOLDER, OR ANY OTHER PARTY WHO MAY MODIFY
AND/OR REDISTRIBUTE THE PROGRAM AS PERMITTED ABOVE, BE LIABLE TO YOU
FOR DAMAGES, INCLUDING ANY GENERAL, SPECIAL, INCIDENTAL OR
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FAILURE OF THE PROGRAM TO OPERATE WITH ANY OTHER PROGRAMS), EVEN IF
SUCH HOLDER OR OTHER PARTY HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH
DAMAGES.
### END OF TERMS AND CONDITIONS
### How to Apply These Terms to Your New Programs
If you develop a new program, and you want it to be of the greatest
possible use to the public, the best way to achieve this is to make it
free software which everyone can redistribute and change under these
terms.
To do so, attach the following notices to the program. It is safest to
attach them to the start of each source file to most effectively
convey the exclusion of warranty; and each file should have at least
the "copyright" line and a pointer to where the full notice is found.
one line to give the program's name and an idea of what it does.
Copyright (C) yyyy name of author
This program is free software; you can redistribute it and/or
modify it under the terms of the GNU General Public License
as published by the Free Software Foundation; either version 2
of the License, or (at your option) any later version.
This program is distributed in the hope that it will be useful,
but WITHOUT ANY WARRANTY; without even the implied warranty of
MERCHANTABILITY or FITNESS FOR A PARTICULAR PURPOSE. See the
GNU General Public License for more details.
You should have received a copy of the GNU General Public License
along with this program; if not, write to the Free Software
Foundation, Inc., 51 Franklin Street, Fifth Floor, Boston, MA 02110-1301, USA.
Also add information on how to contact you by electronic and paper
mail.
If the program is interactive, make it output a short notice like this
when it starts in an interactive mode:
Gnomovision version 69, Copyright (C) year name of author
Gnomovision comes with ABSOLUTELY NO WARRANTY; for details
type `show w'. This is free software, and you are welcome
to redistribute it under certain conditions; type `show c'
for details.
The hypothetical commands \`show w' and \`show c' should show the
appropriate parts of the General Public License. Of course, the
commands you use may be called something other than \`show w' and
\`show c'; they could even be mouse-clicks or menu items--whatever
suits your program.
You should also get your employer (if you work as a programmer) or
your school, if any, to sign a "copyright disclaimer" for the program,
if necessary. Here is a sample; alter the names:
Yoyodyne, Inc., hereby disclaims all copyright
interest in the program `Gnomovision'
(which makes passes at compilers) written
by James Hacker.
signature of Ty Coon, 1 April 1989
Ty Coon, President of Vice
This General Public License does not permit incorporating your program
into proprietary programs. If your program is a subroutine library,
you may consider it more useful to permit linking proprietary
applications with the library. If this is what you want to do, use the
[GNU Lesser General Public
License](http://www.gnu.org/licenses/lgpl.html) instead of this
License.
Four Reasons to Consider Partial Roth IRA Conversions Now - sinth.info
Taxes might be the biggest expense you have for the rest of your life, especially if you’ve accumulated a large IRA. While I hope the government can come together to agree to lower taxes, with over $32 trillion in government debt, I’m not overly optimistic about seeing lower taxes in the future.
To truly comprehend the Roth IRA conversion strategy, consider this analogy: If you were a farmer, would you rather pay taxes on your penny seeds, or on your million-dollar wheat harvest? Clearly, the majority of us would rather pay taxes on the pennies not the dollars, and that’s why a Roth IRA could be a helpful strategy. This is especially important with the elimination of the stretch IRA, as I discussed recently when I was interviewed on the Today show.
While you might not be able to contribute new money to a Roth IRA because you’re no longer working, everyone is eligible to do Roth IRA conversions.
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Partial Roth IRA conversions, like paying taxes on seeds rather than on the bountiful harvest, could offer some tremendous benefits. After paying the taxes today, any future growth of your IRA is entirely tax-free! And what’s more, there are no required minimum distributions (RMDs) from a Roth IRA for you or your spouse, keeping you firmly in the driver’s seat of your retirement journey, tax-wise.
Moreover, a Roth IRA can extend beyond your own financial horizon to the next generations… You can leave a Roth IRA to your children as part of your legacy planning strategy as I discussed in my article Preparing for the Next Recession: Six Considerations for Retirees.
Let’s delve deeper into the four reasons why you should give thought to integrating partial Roth IRA conversions using our SRI Plan, or Strategic Roth Integration Plan, in conjunction with your accountant:
1. Rising taxes
We’re presently in a phase where tax cuts are still in place. However, these tax cuts are set to expire in 2026, and this means only one thing — taxes will rise if no new tax laws are agreed upon to lower taxes. Paying taxes now when they’re relatively lower could potentially save you a considerable sum in the future.
2. Change in tax status
For married couples, your tax status currently stands at “joint taxpayer.” But with the death of one spouse, this status changes to “single taxpayer,” often leading to a significant hike in income taxes for the surviving spouse.
Doing a Roth IRA conversion while both partners are alive could provide the surviving spouse with a Roth IRA lifeline that the surviving spouse can use without taxes because those taxes were already paid!
3. The end of the stretch IRA
For most children, the stretch IRA is gone when they inherit an IRA from their parents. Now when you die and leave your IRA to your children, they’ll have only 10 years to completely deplete your IRA! This situation becomes even more burdensome when your children inherit your IRA as they are probably still working and potentially are at a higher tax bracket than you as a retiree.
Also, if your child lives in one of the 43 states that has a state income tax, they could have to pay additional taxes that you might not have to pay if you live in Florida! The Roth IRAs could help alleviate these issues should they arise.
4. Preserving your family’s wealth
Love is expressed in various ways, and one of the most profound is to help ensure the financial welfare of your loved ones. Most of our clients wish to preserve their assets that they are leaving to their children and grandchildren from potential future hazards such as divorce, lawsuits or creditor claims. The competent estate planning attorneys we work with can help create a dynasty revocable trust to help ensure your assets remain within your family bloodline.
Transferring Roth IRAs rather than traditional IRAs to these trusts can help shield your heirs from the stress of future tax burdens.
This is true whether you use a trust or not for the reasons mentioned above… The bottom line is that it’s usually better if you pay the taxes, not your children.
A partial Roth IRA conversion can have a downside
While Roth IRA conversions present numerous advantages, it’s crucial to consider the potential downsides. Engaging in partial Roth IRA conversions could lead to a temporary rise in your IRMAA Medicare co-pay bracket, thereby increasing your Medicare co-pay.
Upon completion of the conversion process and freedom from future RMDs, your taxable income could decrease, possibly leading to lower IRMAA co-pays in the future.
The sand is rapidly flowing through the hourglass, and the window to implement this tax-efficiency strategy is narrowing. You should consider your options with your accountant and seize the potential benefits of today’s lower tax brackets.
If you’re interested in understanding these strategies in more detail, consider attending one of our upcoming steakhouse dinner workshops at Ruth’s Chris or Abe & Louie’s Steakhouse, designed for individuals ages 65 and over with $500,000 to $10 million or more in investable assets. You can also set up a one-on-one meeting with me, Craig Kirsner, MBA, and Sean Burke, M.S., Vice President, by calling 1-800-807-5558.
The appearances in Kiplinger were obtained through a public relations program. The columnist received assistance from a public relations firm in preparing this piece for submission to Kiplinger.com. Kiplinger was not compensated in any way.
Insurance products are offered through the insurance business Stuart Estate Planning. Kirsner Wealth Management is an Investment Advisory practice that offers products and services through AE Wealth Management, LLC (AEWM), a Registered Investment Adviser. AEWM does not offer insurance products. The insurance products offered by Stuart Estate Planning are not subject to Investment Advisor requirements. AEWM is not affiliated with Stuart Estate Planning. Please remember that converting an employer plan account to a Roth IRA is a taxable event. Increased taxable income from the Roth IRA conversion may have several consequences including (but not limited to) a need for additional tax withholding or estimated tax payments, the loss of certain tax deductions and credits, and higher taxes on Social Security benefits and higher Medicare premiums. Be sure to consult with a qualified tax advisor before making any decisions regarding your IRA.
Kirsner Wealth Management has a strategic partnership with tax professionals and attorneys who can provide tax and/or legal advice. Neither Kirsner Wealth Management or its representatives may give legal or tax advice. You are encouraged to consult your tax advisor or attorney. All investments are subject to risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. Any references to guarantees or lifetime income generally refer to fixed insurance products, never securities or investment products. Insurance and annuity product guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company. 2020754 -10/23.
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This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the SEC or with FINRA.