Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: P.T.Burnem who wrote (29757)	10/1/1998 4:13:00 PM
From: Monty Lenard	Read Replies (2) of 94695

Hi P.T. Speaking of Roth IRA money. Here is one a lot may not be aware of yet. If you transferred to a ROTH when the market was high, rather than paying taxes on that transfer you can now move it back to regular IRA and disregard the first transfer into the roth for tax purposes. I think it is somewhat humorous really. Kinda like GS rescinding their IPO. Bet there is or will be a lot of paper work for the mutual funds after this correction. :-) Monty PS Want to hear one even funnier? My wife called her broker this morning and he stated that it would be a good time for her mother (80+ years of age) to move from her cash funds into the market.

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