Bob Brinker: Market Savant & Radio Host Message Board

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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host

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To: Karin who wrote (2592)	1/4/1998 7:41:00 PM
From: Kirk ©	Read Replies (3) of 42834

In the ROTH IRA or a regular IRA the Tax Rate is the highes rate, -could be 31%. While normal Stock portfolio income would be taxed at CAPITAL GAINS taxes, 28%, 20% or eventually even less than that. Am I correct in my assumptions? KD MY understanding of ROTH IRA is you pay NO taxes EVER on withdrawls and I think I heard BB say today that you can take your principal out without penalty (after 5 yrs?) as long as you leave interest in. My question. Say I have a nondeductable Vanguard IRA where I put in $12K over 6 yrs and it is now worth $24K (my case with 50:50 split all this time between Vanguard Windsor2 and International Growth). IF I convert to a Roth IRA, do I have to pay conversion taxes on the $12K gain or do I just convert it straight over? regards Kirk out suite101.com

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