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: Sandy J who wrote (2891)	1/19/1998 12:57:00 PM
From: Kirk ©	Read Replies (1) of 42834

Vicki and Sandy, I pretty much agree. All my new IRA money will go into the ROTH but I don't think it seems like a good idea to pay taxes now that I can delay, possibly until after I die. I like the principal of never paying taxes until you really have to. Laws always change lowering or raising taxes, but I haven't seen too many laws that give you money back except for the 1997 Tax change that rewards breeding more taxpayers. Another point to watch, I think the conversion money goes over at regular income which can push you into higher tax brackets and have AMT implications as well... I wonder if we can pull over the after tax money we contributed to our nondeductable IRA into the new ROTH IRA so at least it starts to compound tax free? (and leave the interest to compound for a taxable withdrawl later in time). IRA article at: suite101.com regards Kirk out suite101.com

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