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To: eightbanger who wrote (82962)	12/28/2000 11:28:59 PM
From: seminole	Read Replies (3) \| Respond to of 95453

8 There are some negatives to IRA investing, IMO. It is hard to get money out before 59 1/2, and expensive after 59 1/2. Lower tax rates in retirement are not likely for those that save and invest for 20+ years. Once these accounts (IRAs, Rollover IRA from pensions, 401k, 403b) together approach or are projected to approach 500K +, you got a tax problem and an estate problem, IMO. You can't take losses on misguided investments in these accounts. You pay taxes at your income tax rate rather than the lower capital gains rate. So you convert long term gains into ordinary income. You can't use margin. Unlike stocks in non-retirement accounts, there is no stepped up basis when transferred to your heirs. I am not a tax expert so feel free to correct me, everyone.