<Or do you always use the royal "we" when you speak, oh Lordy?>
Oh dear. I do use the royal "we" when discussing horseracing with friends on AOL, which is a bit of a running gag. As much as I try to revert to the singular when discussing stocks in this more serious forum, there is an occasional lapse. (For those with an interest, Thomas Darley imported a famous stallion into England from Syria in 1701, and most thoroughbreds today trace back to that Arab's grandson, who was named Eclipse.)
I am glad that the discussion of Roth IRA's was helpful. The income limit makes it just academic for most middle income working stiffs. Conversion really should only be considered by the very wealthy who are in a position to time their income away from the year when they plan to convert.
For folks whose income makes it possible to consider declaring their annual contribution as a Roth contribution, I think it is not as preferable as a deductible IRA, because most will be in a lower tax bracket when they retire. But the Roth route is certainly more attractive than contributing to a non-deductible IRA.
Parenthetically, I admit to having sold my remaining CISCO this morning before today's dip. I probably will regret this, and will continue to follow this knowledgeable board. Cisco is a great company. If its stock drops to a sufficiently low price, I will get back in. But this price is much too high, in my view, and I'm grateful for the pop in the last few months.
Regards,
LordDarley |
