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Technology Stocks : Intel Strategy for Achieving Wealth and Off Topic
INTC 41.41+2.2%Dec 5 9:30 AM EST
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To: Sonki who wrote (19810)6/12/1998 10:33:00 AM
From: Ann Janssen  Read Replies (2) of 27012
 
Sonki,

Sonny Suggested I address this to you since you have set up your Roth IRA.

Are you able to add money to your roth this year?? I am getting static about adding money to mine this year. I bought some stock and didn't have enough in the account to cover it so I tried to add money to my Roth. Well I can't. I have to re-open my regular IRA and then transfer the amount into my Roth. What a mess. Now I get taxed again on the 2nd transfer. It wasn't a lot of money (obviously, since you can only add 2k a year) but it's still irritating me. Anyone else having problems like this??

I did talk to my tax accountant and she did some checking and said the problem seem to be that if I would withdraw the money early there would be a hell of a tax mess. My broker still can't seem to find out if I can EVER add to this account. It seems at least this year they won't let me without doing the transfering.

I was just wondering if you or anyone else are running into these same problems.

Thanks for your input.

Take Care

Ann

P.S. Thanks for teasing Sonny about those little blue pills. I was SOOO tempted but thought I'd better leave it alone. I figured Tony would be the one to tease him. <gg>
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