The 2003 tax law spawned dozens of great tax strategies, plus a couple of duds.
One lame concept gaining traction these days: Reduced individual
Our take: That's nonsense. But before we make our case, let's first understand the reasoning behind that misguided notion.
Theory: Use taxable account for retirement
First, due to lower tax rates, your federal (register to read more)for retirement account contributions are worth less than before. Second, dividends and long-term capital gains earned inside a tax-deferred retirement account won't qualify for the new 15 percent maximum rate. Instead, they're taxed at your higher ordinary income rate (up to 35 percent) when you begin draining the account. Als...