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Technology Stocks : Dell Technologies Inc.

DELL 138.22

-1.6%

Dec 9 3:59 PM EST

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To: jttmab who wrote (141504)	9/5/1999 12:31:00 PM
From: Norm Tock	of 176387

Jim, I would hazard a guess that you are retired when the out go is more than the in come. In reference to taxes on IRA's, I had an unpleasant surprise, when I retrieved some money to purchase a home in Florida. My tax preparer and I both missed the fact that when your adjusted gross income goes over $34,000 (1996) you then must return 85% of your social security. That reeks of a fine to me.I must admit that little ditty should have been caught by one of us - and it was when I sat down to do the final figures.However by then I had sold the IRA dollars I needed to pay for the home. As it turned out I would have better off financing some of it through a home equity loan. I seldom complain about taxes, as I was in the IRA program from the onset, and have had some real tax advantages over the years.

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