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To: clot who wrote (2547)1/24/2000 6:28:00 AM
From: w0z  Respond to of 3661
 
Yes, I have both an IRA rollover (from a 401k when I was working) and a Charitable Remainder Trust. Both of these do not have short-term tax consequences in that you only pay taxes when you remove funds from the account...thus you don't need to concern yourself with capital gains holding periods when deciding to sell.



To: clot who wrote (2547)1/24/2000 6:36:00 PM
From: clot  Read Replies (2) | Respond to of 3661
 
Can anyone recommend a good book dealing with tax-strategy for investors? Faced with a relatively massive potential gain on MTSN, I'd like to be a little proactive, or at least know if that's possible at this time.



To: clot who wrote (2547)1/25/2000 5:12:00 PM
From: Doug B.  Respond to of 3661
 
I converted an IRA I had to a Roth IRA. You have to pay the taxes on the amount you convert, but you get to do it over 5 years.

The REAL beauty of the Roth IRA is that, not only is it tax-free for transactions, but it is tax-free WHEN YOU WITHDRAW. I am being quite aggressive in mine (I'm 31) because it would be nice to have enough in it to prorate it against my life expectancy and start withdrawals well before I'm 59 1/2. :)

Also (and I'm not sure about this, but I _think_ it's true) you get to leave it to your children _without_ inheritance taxes.