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Strategies & Market Trends : Sonki's Links List
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To: Sonki who wrote (20)1/4/1998 3:52:00 PM
From: Sonki  Read Replies (1) of 395
 
ROTH: You have to reduced your agi to less then 95k single or 150 married.

your profits can be realized over a period of 4 years if you convert to ROTH
in 98.
i.e. first set of tax due april 99.

if u convert in 99 u pay all taxes in one year.

i only opened the account and deposited 2k for 98 that's it. i m not doing
conversion
till the end of the year till i learn more details. idea was to be ready
with an open account.
so if the market corrects heavily, i be ready to move.

CAN SOME ONE PLS. TELL ME WHAT HAPPENS IF UR IRA GOES ABOVE 600K IN YOUR LIFE TIME. TAX TO BENEFICIARY.

also read the post linked to this one for more roth info...
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