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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 76.04

-0.3%

Nov 26 3:59 PM EST

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To: LordDarley who wrote (10405)	11/12/1997 1:30:00 PM
From: TonyE	Read Replies (1) of 77400

Darley said <A big additional benefit concerns estate planning, traditional IRA's are decimated by taxes at death, while Roth IRA's are to be taxed like other assets.> I happen to practice law in this area and tell most of my clients it would be foolish to pay income taxes now on the entire IRA ----- (1) There's an eligibility cap for IRAs, no? 150K->160K for married couples... Is that gross or net. If the former, then it just shows that Clinton thinks that the middle class in Southern Cal is filthy rich. In Irvine, half of the adults has a Bachelor's degree or better. Proffesional working couples are the norm throughout much of Orange County and the West Side of LA. We ain't rich, we just live in the land of the 'muy jumbo mortgage' to the point where the notion of non jumbo mortgage is a refinance on a home you've owned for 15 years. So, it's 401Ks for us. (2) When we die, We plan to just leave just enough money for my kids to get through a PhD is they want it, a brand new Honda each, and the funerals. And if they are adults already, they'll just get the Honda and the funeral moneys. Tony ;-)

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