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Strategies & Market Trends : Roth IRA ideas -- Ignore unavailable to you. Want to Upgrade?


To: Larry S. who wrote (381)2/14/2000 9:22:00 AM
From: Double Dipper  Read Replies (1) | Respond to of 388
 
Larry,

I have had my Janus IRA for 8 years. I understand that I have to add the amount transferred as income in the year I convert to the Roth. I don't plan to take any distributions until I retire at age 60. Yes, JANUS has done wonders for my account but I saw an opportunity that I wanted and thought would be worth the conversion in the long run. My question still remains, is the 1k profit on a stock transaction, as depicted in my previous post, tax free as long as the money remains undistributed out of the account, and gets rolled into another stock transaction?

Kevin