Detailed text transcripts for TV channel - CNN - 20100206:14:42:00
Bankrate.com. the big change here is the income limitations are going away. but tell me this. why would you make the change? because you're going to have to pay a very big tax bill. >> there are a number of advantages to the roth ira. if you're young, think of a snowball rolling downhill. you want to pay taxes which than account value is small, thot when you're at the bottom of the hill and retirement and it's bigger. also, uncle sam has a lot of bills to pay. it's a possibility that tax rates could go up in the future, converting now into a roth is a hedge against higher tax rates in the futu...
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