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Strategies & Market Trends : Roth IRA ideas

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To: K. M. Strickler who wrote (60)	2/11/1998 10:40:00 AM
From: John Stinnett	Read Replies (1) of 388

K, I should have prefaced by saying only transfer what you can afford to pay the taxes on the next 4 years, as long as you take advantage of 1998. I will pay roughly $725/yr for the next 4 years in additional taxes. This is a sizable hit but this will free up this stock to do anything I want tax free forever. In fact I also plan on contributing an additional $2k-$4k (after tax cash) to fuel additional stock purchases in the Roth. My philosophy stems from a quote I heard from a financial planner that is quite basic but one you need to keep reminding you self and that is "You are funding your salary in retirement, be generous!" Other strategies welcome, John

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