And we now have a situation where Congress has left town for a number of weeks, where instead of passing legislation that would extend a tax cut for 98 percent of the American people, the House left town refusing to do that.
With the Cold War's passing and the dissolution of the Soviet Union, Turkey is surrounded by potential instability and conflict, a situation that shows no sign of change in the foreseeable future.
Take for example a situation where a terminally-ill father has decided that his gift to his children upon his passing will be the total of his IRA, converted to Roth and with the taxes paid from his other sources, so that the Roth account will be available tax-free to the children.