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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 76.11

+0.9%

Nov 21 9:30 AM EST

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To: LordDarley who wrote (10621)	12/4/1997 5:17:00 PM
From: Edward A. Fitzpatrick III	Read Replies (1) of 77400

Lord: I respectfully disagree. If someone has a long enough time frame and the outside assets to pay the income tax on pretax IRA dollars, they have the ability to turn those assets into TAX EXEMPT which is much much nicer than TAX deffered. Also because income tax is paid up front there is no required begginning date at age 70 1/2. with the magic of compounding a guy with 20 k in his IRA at age 30 could leave it in his Roth forever. If he had other assets to live on he and he died at age 85, assuming a 10% return he could leave someone 4.75 million without ever adding to his original 20k . Also the Roth IRA can maintain its tax exempt status over the lifetime of whoever the heck you leave it to at your death, unlike a regular IRA that gets flushed out at varying rates of rapidity based on the beneficiaries relationship to the owner. Just my $00.02 Finally, Roth conversions can be made "in kind" and need not make any broker any money at all. It is a good deal under the right circumstances, and for someone who wants to mmake their unborn grandchildren very, very rich, it is a GREAT deal. Regards, ED

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