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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host
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To: Kirk © who wrote (2593)1/5/1998 9:41:00 AM
From: Wally Mastroly  Read Replies (1) of 42834
 
Karin is correct on the Roth IRA. But if you transfer your existing IRA to a Roth in 1998 you will be able to spread the tax consequences of any profit over 4 years. It is unclear yet how those profits will be taxed. Will they be added to your normal calendar year income and be taxed at the resulting higher (possibly) tax bracket rate ? My understanding is that those regulations will be issued in the near future to clarify the consequences of transferring an existing IRA to a Roth.

For those Moneytalk listeners in the greater NYC area who can receive WABC (770 AM), there is another good money/finance talk show on Sunday mornings from 9 AM to 11 AM: Adriane Berg. She indicated that more details on Roth IRA transfers should be forthcoming soon. ) She also has a newsletter called Wealthbuilder.) I believe one should wait for more information before any such transfer. Any tax consequences should be reviewed first.
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