Roth 401k Conversions Pt II

Yesterday I talked about how Roth conversion features are considered a revenue raiser by Congress.

Today they released proof of the fact in the form of a report issued by the Joint Committee on Taxation, estimated budget effects.  According to government accounting, the ability to convert traditional 401k balances to Roth balances should raise 2.1 billion over the next 4 years.  Of course there is no mention as to the lost revenue in future years.

Future taxes are currently on sale, better act fast.