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Strategies & Market Trends : Technical analysis for shorts & longs

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To: Michael Rich who wrote (14868)	1/3/1998 1:16:00 PM
From: Judy	Read Replies (4) of 68070

ROTH IRA Might be advantageous if one is consistently good at trading/investing ************************ An excerpt on ROTH IRAs The law permits people with annual AGI of less than $100,000 to convert their traditional IRA into a Roth IRA anytime during 1998. Those who choose to switch before January 1, 1999 will owe tax on the amount transferred, but the income can be spread out evenly over four years. The $100,000 AGI limit does not include the amount rolled over. For example, if a taxpayer with an AGI of $90,000 rolls over an IRA with a taxable balance of $60,000, the $15,000 added to AGI for tax purpose for the next four years is not included for purposes of meeting the $100,000 eligibility limit in the year of rollover.

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