Thursday, December 6, 2012

Tax Tips From Harvard's Greg Mankiw

We haven't visited Prof. Mankiw in a while, here's Monday's post:
Some Advice on Tax Planning 
I don't normally give advice on personal finances, but in light of the fiscal situation we are facing, I will pass along one tidbit.  Consider converting some of your retirement savings into a Roth IRA. Over the past few years, I have converted all that I can, which is about half of my retirement savings....MORE
For folks unfamiliar with Mankiw, he teaches introductory economics, was Chair of the Council of Economic Advisers and is a quite pushy book salesman.

The way I read the above post is: RUN!
(pay tax now for tax exempt withdrawals in the future)