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To: JavaGuy who wrote (16015)	1/26/2000 10:37:00 AM
From: Jarhead	Read Replies (1) \| Respond to of 19700

I do not know where you received the figure of 60%, but you are off by over 30% as to the max tax bite, penalty etc... for large amounts in IRA's. Once you start looking at the compounding rate of your portfolio, if you end up with 2mil plus, you better have a long talk with a qualified CPA/Estate atty or your heirs will be suprised at how little of your once great estate they receive. Given a compounding rate of a reasonable 8% or so (I would cry for months if my return was 8%!) I have made the determination it is far better for me NOT to invest in my traditional IRA although I still throw my 2k into the Roth (Admittedly wishful thinking on my part, remember the Govt promised free health care to veteran's for life up through the 60's). Anyway, all that advice to throw money into your IRA is for people who will have a 100K in the plan at retirement, not large amounts. Remember we penalize the succesful in America with increasing taxes, etc... Getting off the soap box, if you have expectations of big $ in the future, the 2-5K you might spend now will save you and yours MANY times that amount. P.S. I am not in the estate business or a CPA, and choosing the wrong one is like merging AOL and TimeWarner, but a good one WILL make a huge impact on family wealth. JMHO