Just like I did a year ago, I went to the stockbroker's office and executed a partial Roth conversion, deliberately triggering taxable income now in order to lower the tax bill in future years. One assumption behind that move is that investments in the Roth account will grow significantly, at least to such an extent that the conversion will be deemed in retrospect to have been worthwhile. Phrased more simply, I am an optimist.
I had one or two goals---resolutions, if you will---for 2011 that were accomplished, but the rest lay incomplete because of efforts that ranged from the desultory to the earnest college try. Nevertheless, I will put them on the New Year's list and try again.
I remain on speaking terms with loved ones, have reasonably good health, and have enough money to pay the bills. May you be blessed at least as much in the New Year.
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