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Technology Stocks : WCOM
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To: waldemar cyranski who wrote (11281)7/12/2002 9:38:09 PM
From: doniam   of 11568
 
Think about it for a moment. Assuming you have the old fashion IRA you deducted 100% of your contribution at the time you made it. If the IRA suffers a loss then there is just less tax to pay when you withdraw the money. Even if by some chance your IRA were non deductable, then your contributions become the cost basis and are subtracted when you get the $$$ out
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