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Strategies & Market Trends : Roth IRA ideas

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To: Jtuck who wrote (76)	3/13/1998 11:36:00 PM
From: Mitch Aunger	of 388

Tuck, Just a word of warning to those reading this thread, as I think it is too late for you.... I had the same thoughts as you display here about the future of a ROTH with TRANSFERRED money, until a friend of mine showed me that there is the POSSIBILITY that if you invest the money you would be paying in taxes (and get the same rate of return as the money in your ROTH), then you may NOT come out ahead with the ROTH. Remember, this money is OUTSIDE the ROTH (because you would have been paying the conversion tax with it), and you will be paying capital gains on it when you sell. My example is assuming you invest the conversion tax money and hold it until 59.5 (too complicated to play with if you buy and sell stuff with it). Play with the numbers and you might see what I mean. I haven't completely decided if he is right, but it is worth working out! Mitch

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