Raise your hand if you have a significant amount of dollars ($400,000 or more) in a profit-sharing plan, IRA, 401(k) or other qualified plan. Got your hand up? You are in a tax trap. Sorry, but you must pay at least one tax... maybe a double tax. This column explains the horrible tax rules and how to turn the double tax into tax-free dollars.
An example is the best way to explain this crazy area of the tax law. Following is the story of a reader of this column (Jack). He owns a clos