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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host

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To: sea_biscuit who wrote (2327)12/8/1997 8:14:00 AM
From: Boca_PETE   of 42834
 
Dipy:
Some further thoughts for the situation you describe.
To make best efforts to qualify for a ROTH-IRA, you may consider bunching deductible expenses into 1998. For example, December 97 payments for real estate taxes and mortgage interest might be deferred into early January 1998. January 1999 payments for similar expenses could be prepaid in December 1998.

Another benefit of converting a regular IRA to a ROTH IRA during 1998 is that you get to pay the tax on the appreciation in your regular IRA over 4 years in installments.

For other excellent ideas and tax code explanations, consider going to the Deloitte & Touche link below:

dtonline.com

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