2010 Roth IRA Conversion Mini-Roundup - Bargaineering |  |
| 2010 Roth IRA Conversion Mini-Roundup Posted: 03 Nov 2010 09:05 AM PDT As 2010 winds down, you might be considering a Roth IRA conversion. 2010 is different than other years because the income restriction on conversions has been lifted. Last year, if you had an adjusted gross income over $100,000 then you couldn’t convert a Traditional IRA to a Roth IRA. While this limit may seem high, remember that the limit applies to both singles and married couples. Many more tax filers who are looking to convert are married filing jointly with an AGI above $100,000. The 2010 conversion loophole lets those taxpayers convert (whether or not you should convert is a totally different story). Zapeta emailed me the other day asking me if I could do a mini-roundup of all the 2010 Roth IRA conversion posts I’ve written and so here it is! 2010 Roth IRA Conversion Rules – This post covers the loophole itself as well as some of the rules and considerations involved with a Roth IRA conversion. It briefly goes into whether or not you should convert, including tax rules and implications of a conversion. It’s the most comprehensive post of the bunch. Four Factors to Consider Before Roth IRA Conversion – This post goes into greater detail on the decision process in conversion, specifically the things you need to think about before you convert. It’s not always a win-win situation, especially if you start taking tax credits or deductions off the table because of your increased income (you claim income on the conversion amount). Consequences of a Large Roth IRA Conversion – Along the same lines as the above post, this discusses consequences of a large Roth IRA conversion. Roth IRA Workaround: 2010 Conversion Limit Loophole – This post was written in 2008, when we first learned about the loophole. I included it for posterity. Roth and Traditional IRA Contribution Limits – This post discusses the Roth and Traditional IRA contribution limits and isn’t specifically directed at the Roth IRA conversion (there is no limit on how much you can convert). Roth IRA Account Explained – Finally, this last post is a Foundation post explaining how the Roth IRA works. I hope that helps!
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| 2009-2010 Best Value Home Renovation Projects Posted: 03 Nov 2010 04:03 AM PDT I like taking a look at this list every year because it gives me a good understanding of what makes a good renovation project, in terms of ROI, and what makes a terrible one. When it comes down to it, I know it’s not about ROI. You don’t add a deck to your house because of the ROI, you add one because you want a deck. You put a bedroom above the garage not because some book says the ROI is high, you do it because you want a place your guests can stay that beats an air mattress in your study. However, if you have several projects on the list and you aren’t sure which one to take on first, a list like this could help break the tie.
As you can see, the recoup values have fallen a little, which I believe reflects the softer housing market, but they’ve been falling a few fractions of a percent every since I’ve been looking at the list. One interesting note from the original list is that there is one midrange project that is “profitable,” replacing the entry door (steel) with an ROI of 128.9%. It’s a cheaper project ($1,172) so getting a return isn’t as difficult, especially when it’s such a big aspect of curb appeal. Worst ROI project is a home office remodel (48.1%) and the addition of a sunroom (50.7%). However, like I said earlier, sometimes you want to do a project because you’ll enjoy it, not because of the ROI. Sunrooms are great if you love them… but they won’t make you any money.
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