Colin, somewhat off topic..regarding ROTH Ira's. If I have an existing IRA, with a number of dogs, TVIN, TMMI, and JNNE, mixed with cash and some issues with gains, can I open after Jan. 1 a ROTH IRA and rollover only certain parts of my existing IRA or does it have to be all or none? Also, what year do the income limits apply to, the prior years earnings, or the year you establish the ROTH. In other words, if I were to open a Roth after Jan. 1, 98 would income limits be based on 97 returns, or 98. I won't be working as much in 98, and I won't have profit from R/E sales which I was afraid may limit my abilty to open an IRA in 98, if based upon trailing 1997 income.
Thanks, Gordon Norwood |
