Lees Discount Auto Body – Quality auto body repair you can trust. (303) 451-5536 Over 40 years experience in the Metro Colorado area. Great work, excellent price, we also work with most insurance companies. #auto #service #manuals


#discount auto body parts
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Home

Welcome to Lee s Discount Auto Body

We are a small minority owned business with over 46 years of experience in the collision repair industry; we know how to get the job done quickly, and at an affordable rate. We have been at this location for over 16 years, and over the years we have done work for, and worked with all the insurance companies, but as times change we are now considered to small to be a direct repair facility for these same insurances.

It is Colorado law that everyone has the right to choose their own repair facility, and our work and name is recognized and approved by all insurance companies for anyone who chooses to use our shop for their repairs. In case of a major collision where the vehicle is not road worthy just call or have it towed here and we we will do everything necessary to restore your vehicle to it s original condition, and have it back to you as soon as possible. Or once an estimate is written by a representative of your insurance or theirs, you have the right to bring it here.

Fastest Turnaround on all major repairs.


FHA Mortgage Calculator – How Much Can I Afford? #auto #24


#bankrate auto loan calculator
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Required Annual Income:

This does not include upfront mortgage insurance if needed. Your salary must meet the following two conditions on FHA loans:

  • The sum of the monthly mortgage and monthly tax payments must be less than 31% of your gross (pre-taxes) monthly salary.
  • The sum of the monthly mortgage, monthly tax and other monthly debt payments must be less than 43% of your gross (pre-taxes) monthly salary.

DISCLAIMER: The figures above are based upon current FHA program guidelines. FHA requires a 3.5% down payment as well as an upfront and monthly mortgage insurance in many cases. Other loan programs are available. Calculations by this tool are believed to be accurate, yet are not guaranteed. See upfront and monthly calculations: FHA Mortgage Insurance Requirements .

Helpful Answers are Ready:

Can I remove MIP from my FHA if my home value goes up?

My home value has risen enough within the last year to where what I owe is 80% of the current value of the home.

I had a bankruptcy not long ago. How long do I have to wait before applying for an FHA loan?

I put in an offer on a home and the contract was accepted. The processing of our loan took longer than necessary and the appraisal in now 90 days old.

Can I pay my FHA loan in full without being penalized or charged for early payoff of the loan?

I obtained an FHA loan in 2010 and recently inherited some money from my dad’s estate. It’s enough to pay off my mortgage loan.


SHORT TRACK AUTO RACING. COM – WHAT IS WRONG WITH SHORT TRACK RACING AND HOW WE CAN FIX IT #auto #advance


#track auto
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SHORT TRACK AUTO RACING. COM

SHORT TRACK AUTO RACING. COM

It is time for the short track racing community to have a serious and thoughtful discussion about what we are doing and what we need to do to improve our racing. That is my goal. Please understand that I am a rookie at writing. I am going to say some things that some people won t like, but I am not trying to offend anyone. My purpose is to stimulate a discussion. The more ideas put forth,the better the odds that we, as a group, can identify what needs to be done. At present there are a number of conversations going on about this subject and that is a good start, however these discussions tend to be isolated in that fans talk about what fans want, racers talk about what racers want, etc. I think what is needed is fans, racers, and promoters all included in the same discussion. We are all in this together, we all want better racing, and we all know that the current situation is not working.

I am sure the first question you will have is why does this guy think he is qualified to say these things? Good question. Over the last 50 years I have been a driver, owner, owner/driver, crew member, and spectator. I have also been involved on the promotion side of racing. I have built racing engines, racing parts, and complete race cars and motorcycles. I have been in drag racing, off road racing, short track racing, and motocross. You can put whatever value you want on that.

Short track racing in Southern California is what I want to discuss. My comments are aimed at dirt track racing, but some of this discussion applies to asphalt tracks as well. Currently short track racing has a shortage of race cars and a shortage of fans. There is no shortage of opinions about what caused this. Let s see if we can sort through all these ideas and opinions and come up with the fixes we need.

I have set this up as 2 pages. The first page is what I believe are some of the problems causing a decline in short track racing. This isn t all the problems and I plan on adding to this list. The items are numbered. The second page is a list of possible fixes for the problems (also numbered). You can comment on the problems and/or fixes in general or if you want to comment on a specific item you can reference that items number. Please keep it clean and on topic. This is important for the future of short track racing.


Lees Discount Auto Body – Quality auto body repair you can trust. (303) 451-5536 Over 40 years experience in the Metro Colorado area. Great work, excellent price, we also work with most insurance companies. #auto #zone.com


#discount auto body parts
#

Home

Welcome to Lee s Discount Auto Body

We are a small minority owned business with over 46 years of experience in the collision repair industry; we know how to get the job done quickly, and at an affordable rate. We have been at this location for over 16 years, and over the years we have done work for, and worked with all the insurance companies, but as times change we are now considered to small to be a direct repair facility for these same insurances.

It is Colorado law that everyone has the right to choose their own repair facility, and our work and name is recognized and approved by all insurance companies for anyone who chooses to use our shop for their repairs. In case of a major collision where the vehicle is not road worthy just call or have it towed here and we we will do everything necessary to restore your vehicle to it s original condition, and have it back to you as soon as possible. Or once an estimate is written by a representative of your insurance or theirs, you have the right to bring it here.

Fastest Turnaround on all major repairs.


FHA Mortgage Calculator – How Much Can I Afford? #auto #city


#bankrate auto loan calculator
#

Required Annual Income:

This does not include upfront mortgage insurance if needed. Your salary must meet the following two conditions on FHA loans:

  • The sum of the monthly mortgage and monthly tax payments must be less than 31% of your gross (pre-taxes) monthly salary.
  • The sum of the monthly mortgage, monthly tax and other monthly debt payments must be less than 43% of your gross (pre-taxes) monthly salary.

DISCLAIMER: The figures above are based upon current FHA program guidelines. FHA requires a 3.5% down payment as well as an upfront and monthly mortgage insurance in many cases. Other loan programs are available. Calculations by this tool are believed to be accurate, yet are not guaranteed. See upfront and monthly calculations: FHA Mortgage Insurance Requirements .

Helpful Answers are Ready:

Can I remove MIP from my FHA if my home value goes up?

My home value has risen enough within the last year to where what I owe is 80% of the current value of the home.

I had a bankruptcy not long ago. How long do I have to wait before applying for an FHA loan?

I put in an offer on a home and the contract was accepted. The processing of our loan took longer than necessary and the appraisal in now 90 days old.

Can I pay my FHA loan in full without being penalized or charged for early payoff of the loan?

I obtained an FHA loan in 2010 and recently inherited some money from my dad’s estate. It’s enough to pay off my mortgage loan.


Bankrupt Illinois – To Be Broken Up And Dissolved – Into Neighbor States #can #you #go #bankrupt #twice


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Home News Bankrupt Illinois To Be Broken Up And Dissolved Into Neighbor States

Bankrupt Illinois To Be Broken Up And Dissolved Into Neighbor States

The liberal state of Illinois is grappling with a full-fledged financial crisis and the only answer is to declare bankruptcy, break up the state and dissolve it into neighboring states, according to the Chicago Tribune.

Facing billions in unpaid bills and pension obligations, the state is hitting a cash crunch that is rare even by liberal Illinois standards, Gov. Bruce Rauner warning the state has entered banana republic territory.

We’re like a banana republic ,” Rauner said earlier this month, after the General Assembly failed, for the umpteenth time, to pass a budget package by the regular session deadline. “We can’t manage our money.”

But the problems are years in the making, caused in large in part by the state’s long-term liberal policies — which led Moody’s Investors Services to downgrade Illinois credit rating to the lowest of any state.

Illinois is like Venezuela now, a fiscally broken state that has lost its will to live , according to the Chicago Tribune.

But before we run out of the essentials, let s finally admit that after decade upon decade of taxing and spending and borrowing, Illinois has finally run out of other people s money .

The best thing to do is to break Illinois into pieces right now. Just wipe us off the map. Cut us out of America s heartland and let neighboring states carve us up and take the best chunks for themselves.

The group that will scream the loudest is the state s political class, who did this to us, and the big bond creditors, who are whispering talk of bankruptcy and asset forfeiture to save their own skins .

Since our neighboring states are doing better, taking Illinois jobs and businesses and Illinois workers and taxpaying families, they might as well just take the rest of Illinois, too, dammit.

Wisconsin can have Chicago and begin calling it South Milwaukee.

Reports have suggested the state could be the first to attempt to declare Chapter 9 bankruptcy but under the law, that’s impossible unless Congress gets involved.

U.S. Sens. Dick Durbin and Tammy Duckworth, both Democrats from Illinois, have so far refused requests for comment on whether they would consider getting involved in introducing a measure allowing state bankruptcy.

Illinois is the fiscal model of what not to do ,” Rep. Peter Roskam, R-Ill. told Fox News, while not commenting on the bankruptcy question. “This avoidance in behavior toward dealing with our challenges is what leads to the devastating impacts we are seeing today.

Latest posts by Baxter Dmitry (see all )

U.S. Sens. Dick Durbin and Tammy Duckworth, both Democrats from Illinois FUKING HILARIOUS. SOUND LIKE TWO CHARACTERS OUT OF A simpsons episode .only in america huh. only in stupid is as stupid does america no wonder it is going to be nuked its been a long time coming this state is only the tip of the iceberg hafukenha

Nuked? Only if from within, no country is crazy enough to commit suicide in an attempt at that. And God forbid the U.S. collapses, that s a shit ton of world ending weaponry on the loose. Europe and half of Asia would fall. Then Evil returns.

He doesn t care in fact, his moniker implies that s what he wishes. He s a hater of our nation.

We don t want their stupid voters to have any say in our economic policies. The ignorant self entitled voter broke it, now you live with it and sacrifice work twice as hard and fix it for your grandchildren. You already mortgaged your children s futures by taking more than you put in. No thank you we don t want any broken pieces of a state infected with Obama-itis.

Whomever gets Chicago gets the vast majority of Illinois self-centered, vote to steal from others group. Unfortunately, virtually every large city is predominantly composed of such lost souls.

let this state be a test to see what happens, first move is to stop paying all elected officials and there healthcare, they are the first ones to be chopped, then government workers and the benefits and since they are broke, loose it all so they now can use social security for retirement like everyone else. Let all government follow this role when they had busted the system with the payroll, benefits and other perks they have stolen from tax payers

Break up a state? First of all someone did not learn ANYTHING in civics! This will not happen. States cannot just Evaporate into others! Anyone touting this is a RUBE and they KNOW NOTHING! The way our territorial law is written YOU CANNOT SUBDIVIDE A STATE! Whoever is spouting this line needs to STFU already!

I am calling this for the BULL***T it is!

Easy does it KingOfAllAnimals . it s just satire.


Options Strategies And Your IRA Account #can #i #trade #options #in #my #ira


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Options Strategies And Your IRA Account

I receive many responses from readers of my option strategy articles. Recently one question keeps popping up, though in various forms. Do these strategies work with IRA accounts?

The simple answer is YES, to an extent. In some cases options actually work better in an IRA than in a taxable account.

One of the most common option strategies is the selling of a naked put instead of actually buying the underlying stock. The taxation of gain on any security (including options) that is sold short is at ordinary income rates. In an IRA this doesn’t matter as there is no current tax and all distributions are taxed at ordinary rates regardless of their initial source. So, from an IRA taxation standpoint there is no difference in selling puts and buying stock (though there may well be a difference in investment result).

In a taxable account the same doesn’t necessarily hold true. If you hold a stock long enough the dividends and any gain can be taxed at the lower long-term capital gains tax rate. Shorting a put is always taxed at ordinary rates and can be significantly higher. This is a factor that can reduce your net after-tax yield and should be factored into your planning.

Putting taxation aside, there are several limitations in IRA accounts you need to deal with. First is the margin account. Your IRA must establish a margin account if you are going to employ any strategy other than simply buying calls or puts. This is generally not a big deal but does require proper trading authority from the compliance department of your broker.

The simplest level of authority allows the selling of covered calls. This is really more of a stock strategy than an option strategy but I include it.

Next is the selling of “cash secured puts”. This is relatively easy to understand. Let’s say you want to buy 1000 shares of a stock trading at $15. This would require $15,000 in cash. Instead of an outright purchase you could chose to sell 10 puts (each put controls 100 shares). Your exposure is no greater than having bought 1000 shares for $15,000 and you need only “reserve,” or set-aside $15,000 of cash to enter this transaction. In essence, there is no leverage.

This is different than margin in a taxable account that can require as little as 25% in margin. Taxable margin accounts increase the leverage as much as four-fold. This is either good or bad, depending on which side you land on.

An additional limitation in an IRA account is the prohibition against short selling. Selling “naked calls” is similar to shorting the underlying and prohibited in IRAs. In a taxable account you can sell naked calls and just need to deal with margin requirements.

This means that those strategies that include selling naked calls can’t be used.

Strategies so limited include straddles, strangles, synthetic shorts and other derivations. Let’s say you wanted to sell a “straddle” on a particular underlying stock. This would require you to sell a put and a call at the same strike (usually at the same expiry, but not required). In a taxable margin account this would be permitted. The trade is “paired” and the margin requirement is computed on just one of the legs: the larger of the two.

This can be a very useful tool when a trade entered by selling a put turns against you. Selling a call can offset or reduce further losses. You use little or no margin. This can’t be done at all in an IRA margin account as a naked call can’t be paired with a put (it can be paired only with a long call).

Some readers might just “zone out” when talk turns to straddles and strangles. They often understand what they are but might not really understand how they can be used. Straddles and strangles can provide one of the easiest and most productive hedges available. Readers may want to review my article on using a strangle to hedge XLE to see these strategies in action. Unfortunately this technique isn’t available in IRA accounts.

This leads us to the available option strategies—spreads. Included in these are calendar spreads, diagonal spreads, vertical spreads and certain butterfly and condors that fully pair options. This requires a higher trading authority.

Let’s examine a vertical bull put spread to see the advantage of this higher trading authority. This strategy consists of selling a put at one strike and buying a protective put at a lower strike (both with same expiration). An example would be a stock trading at $25. You could sell 10 out-of-the-money puts with a strike of $24 and buy 10 protective OTM puts with a strike of $20.

If you did not have the higher trading authority it would break down as two separate transactions. 1) a cash covered put requiring $24,000 in reserve ($24 times 1000 shares) plus 2) a cash buy of the lower strike put. With the higher authority the margin requirement is simply the difference in strikes ($4) times the number of shares (1000) or $4,000.

Many of my portfolio strategies consist, in part, of buying far dated options and selling near dated or weekly options (calendar spreads). These spreads are all permitted in an IRA account and one need only take into account available margin balances. The IRA margin calculation for a calendar spread is the same as the vertical put. It is just the difference in strikes times the shares. So, if you bought 10 September OTM calls at $24 and sold 10 OTM December calls at $19 your margin requirement is $5000 ($5 strike differential times 1000 shares).

If you sold a call at a higher price than the one you bought, there is no margin requirement, just cash. It is viewed very much the same as a covered call.

Additionally, if you sell a put at a lower strike than the one you bought there is no margin, just cash.

Whenever spreads are used in an IRA account a trading complexity can exist.

Let’s say your IRA had $100,000 in total value broken down to $60,000 in stocks and $40,000 in cash. Let’s further say you wanted to enter into a bull put spread for 10 options on SPY (currently trading at $125). You sell ten OTM puts at a strike of $123 and buy ten protective OTM puts with a strike of $120. Your margin requirement is only $30,000 ($3 strike differential times 1000 shares) and well within your cash balance.

A snake lays waiting for you in the brush. Let’s say SPY drops and your ten puts are assigned. This means 1000 shares are bought at $123 for a total cost of $123,000 and you only have $40,000 in cash.

This isn’t too big a deal in traditional margin accounts as you can use margin to sell the shares. It doesn’t work that way with IRA margin and this presents a problem that may require you to liquidate other securities and suspend your trading privileges. You need to discuss how your broker will handle this to be sure you aren’t further restricted.

This requires constant monitoring of the extrinsic value of the option to determine its likelihood of assignment. When the extrinsic approaches just a few cents the assignment likelihood increases. If the likelihood is great, you need to pre-mpt the assignment by rolling the option beforehand. If you just use cash secured puts you never have to worry about assignment as there is always enough money to cover the assignment.

A similar problem can occur if you sell a call as part of a paired strategy and the call is assigned. You end up being short the underlying. Since IRAs can’t be short you need to cover the short immediately and need enough cash in your account to do so. If you don’t have enough cash you may encounter a trading violation and that restricts your future trading.

When various spreads allow you to trade options with a “sticker price” in excess of your account value (leverage) you need to monitor them carefully to make sure they aren’t assigned.

In conclusion, if you can secure the necessary trading authority many of the option strategies will be available to you. Margin requirements will restrict some of the leverage available when compared with taxable accounts. Assignment can also become a greater problem than a taxable account and requires monitoring. These are not major obstacles, but ones that need to be kept in mind.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

About this article:


Online Course: Excel 2016 – Certificate and CEUs #editing #certificate #online, #excel #2016 #microsoft #spreadsheet #program #comes #packaged #office #family #software #products #programs #can #wide #variety #purposes #creating #address #book #grocery #l #education #online #distance #learning #expert #instruction #class #make #money #teaching #course #guide #help #tutor #knowledge


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Online Class: Excel 2016

Course Description

Microsoft Excel is a spreadsheet program that comes packaged with the Microsoft Office family of software products. Just like the other programs by Microsoft, Excel can be used for a wide variety of purposes such as creating an address book, grocery lists, tracking expenses, creating invoices and bills, accounting, balance checkbooks and other financial accounts, as well as any other purpose that requires a spreadsheet or table.

This course will cover the many features of Excel 2016 and will teach you how to use them, starting with the simple and working to the most complicated. The good news is that Excel 2016 makes everything easy. By learning how to navigate the program and where to find each feature, operating Excel can become a breeze.

This course will teach you how to:

Create a spreadsheet

Format cells, rows, columns, and entire worksheets so they fit and match your data

Enter data into a spreadsheet

Use formulas and functions for math, accounting, and totaling.

Create formulas and functions

Calculate data

Create charts and diagrams for your data

Create data lists and forms

Create and use pivot tables and pivot charts.

Work with Excel templates

Share and protect your worksheets and workbooks

Use What-If Analysis to determine possible outcomes. For example, sales goals

And much more

This course was designed to teach you skills you’ll need to successfully use Excel 2016. Each lesson contains instructions and illustrations to show you how to use the features, then walks you through step-by-step so you can see how everything is done. You don’t need previous experience with Excel to be able to complete this course. This course will start with basic skills, then move forward to more advanced features and techniques. Although you do not need access to Excel 2016 for this course; it is highly recommended. A free trial of Excel 2016 is available on the Microsoft website.

7/3/2017 11:39:52 AM

Lesson 1: Introduction to MS Excel 2016

Excel can be used for a wide variety of purposes such as creating an address book, grocery lists, tracking expenses, creating invoices and bills, accounting, balance checkbooks and other financial accounts, as well as any other purpose that requires a spreadsheet or table.

  • Lesson 2: Navigating Excel 2016

    In this lesson, we’re going to focus on the major elements of Excel 2016 and take a few minutes to become familiar with their purpose.

  • Lesson 3: Worksheets and Workbooks

    Worksheets are stored in workbooks, and workbooks are the files that you actually save.

  • Lesson 4: Entering Information into MS Excel 2016

    Starting to enter information is as simple as clicking on a cell in the spreadsheet and typing, but there are some things that are helpful to know – and that you can do – before you ever type that first letter or number.

  • Lesson 5: Introduction to Working with Cells, Rows, and Columns

    If you want to move data from its original location and relocate it somewhere else, you must cut the data, then paste it somewhere else. You can cut or copy cells, rows, columns, or entire worksheets.

  • Lesson 6: Formatting Data and Cells

    Taking the time to format a worksheet can take it from the black and white page of data and gridlines to something that looks professional and attractive.

  • Lesson 7: Formatting Rows and Columns

    In Excel 2016, the width of a column is determined by how many characters that can be displayed within a cell.

  • Lesson 8: Editing Cells, Rows, Columns, and Worksheets

    Excel 2016 makes creating – and editing – spreadsheets a lot easier because correcting errors is easy mess free.

  • Lesson 9: Introduction to Formulas and Calculations

    If you use spreadsheets to do accounting for a business, track totals, invoice customers, or anything that requires mathematics, Excel’s ability to calculate formulas is going to save you errors and headaches.

  • Lesson 10: Working with Formulas and Functions

    In Excel, a function is a predesigned formula that does a certain calculation. This can make it easier because you don’t have to construct every formula yourself.

  • Lesson 11: Maintaining Worksheets

    It’s important to learn how to maintain your worksheets to help you keep on top of all the information.

  • Lesson 12: The What-If Analysis

    A what-if analysis lets you explore possibilities by entering possible values into the same equation so you can see the possible outcomes in the cells of your spreadsheet.

  • Lesson 13: Adding Images and Graphics

    You’ve already learned how to format a worksheet and enter information into Excel. Now we’re going to show you how to add elements such as graphics and images.

  • Lesson 14: Charts and Diagrams

    Charts and diagrams are tools you can use to visually represent the data in a worksheet.

  • Lesson 15: Creating Data Lists

    A data list or a database table are types of worksheets that aren’t used to calculate values, but to store information, such as names and addresses of clients or perhaps a library of books.

  • Lesson 16: Managing Data

    A form is simply a dialog box that lets you display or enter information one record (or row) at a time. It can also make the information more visually appealing and easier to understand.

  • Lesson 17: Pivot Tables and Pivot Charts

    A pivot table sounds more difficult and confusing than it really is. Most people say they don’t like pivot tables, or they don’t understand them. In truth, they’re not that difficult at all.

  • Lesson 18: Printing Worksheets and Workbooks

    Headers appear at the top of a worksheet. Footers appear at the bottom. Both can contain page numbers, and headers often contain the title of the worksheet and perhaps the date.

  • Lesson 19: Templates

    Templates are worksheets that are already designed for you.

  • Lesson 20: Protecting, Saving, and Sharing Workbooks

    Add protection to worksheets so that they can’t be edited by other people. You can lock cells or an entire worksheet.

  • Additional Course Information

    • Document Your Lifelong Learning Achievements
    • Earn an Official Certificate Documenting Course Hours and CEUs
    • Verify Your Certificate with a Unique Serial Number Online
    • View and Share Your Certificate Online or Download/Print as PDF
    • Display Your Certificate on Your Resume and Promote Your Achievements Using Social Media

    Course Title: Excel 2016

    Course Number: 8900368

    Languages: English – United States, Canada and other English speaking countries

    Course Type: Computer Skill

    CE Accreditation: Universal Class, Inc. has been accredited as an Authorized Provider by the International Association for Continuing Education and Training (IACET).

    Grading Policy: Earn a final grade of 70% or higher to receive an online/downloadable CEU Certification documenting CEUs earned.

    Assessment Method: Lesson assignments and review exams

    Instructor: UniversalClass Staff Instructor

    Duration: Continuous: Enroll anytime!


    Roth IRA Conversion Rules #can #i #contribute #to #a #rollover #ira


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    Roth IRA Conversion Rules

    Can you convert to a Roth IRA?

    One of the primary benefits of using a Roth IRA is that you don t pay income tax when you withdraw funds in retirement.

    Unfortunately not everyone meets IRS standards to contribute to a Roth IRA. The primary reason individuals are not allowed to contribute is because their incomes exceed the Roth IRA income limits. That s when it makes sense to look into a Roth IRA conversion.

    What happens instead is that many individuals who do not qualify for income reasons end up investing in 401(k) plans and Traditional IRAs. With a Traditional IRA you receive a tax break today, but pay income taxes in retirement. This is opposite of what happens with a Roth IRA. (Compare Roth IRAs and Traditional IRAs .)

    The IRS has always allowed certain individuals to convert their Traditional IRAs to Roth IRAs as long as they met specific qualifications and paid income tax on the conversion. But high-income earners were unable to convert until recently.

    No Income Cap to Convert Traditional IRA to Roth IRA

    In the past to be able to convert from a Traditional to a Roth IRA your income needed to be under $100,000. The IRS rules have changed and there is no longer an income cap in place.

    With the cap removed, high-income earners can now convert as long as they pay the appropriate tax on the conversion. There is no 10% early withdrawal penalty if the funds move from a Traditional IRA to a Roth IRA in a 60-day window.

    Roth IRA Conversion Taxes

    When you convert from a Traditional IRA to a Roth IRA, a process also known as creating a backdoor Roth IRA. you generally pay income tax on the contributions. The taxable amount that is converted is added to your income taxes and your regular income rate is applied to your total income. If the amount is large enough, it may raise your tax bracket for the year in which you do the conversion.

    Note that if the money in your Traditional IRA is post-tax money (you did not take a deduction on the money you contributed), you may not owe tax when you convert to a Roth IRA. Discuss this carefully with a financial advisor.

    Why Convert to Roth IRA?

    Tax-savvy investors want to pay as little income tax as possible. Converting to a Roth IRA allows you to make smart tax moves that will save money in the long run.

    If you anticipate your income dropping significantly in a certain year (and increasing in following years), you could plan a conversion for the low-income year. Since your income is lower, you may be in a lower tax bracket when you convert.

    Similarly, if the government announced tax-rate increases to go into effect in the following year, a conversion in the current year would save income tax.

    Converting to a Roth IRA will guarantee that you will owe no additional income tax on the converted funds—and any money those funds will earn before you withdraw them—during retirement. The balance in your portfolio will be what you can tap in retirement, and you won t have to calculate an after-tax balance.

    Convert to Roth IRA, Not Eligible

    Even though high-income earners can convert to a Roth IRA, they may not be able to contribute additional funds. Roth IRA eligibility rules will still be in place for any future contributions.