Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : A.I.M Users Group Bulletin Board -- Ignore unavailable to you. Want to Upgrade?

To: rgammon who wrote (17626)	12/28/2001 9:48:12 AM
From: LemonHead	Read Replies (1) \| Respond to of 18932

Hi Robert, you have a post over at TMF to respond to. With the crossing of posts between these two boards, I guess we could call this "The Silicon Fool"! <g> Keith

To: rgammon who wrote (17626)	12/28/2001 1:17:21 PM
From: OldAIMGuy	Read Replies (3) \| Respond to of 18932

Hi RG, Should I assume that contributions to Roth IRAs have to be from "earned income" as with traditional IRAs? This was the stickler that stopped me from contributing. I have no "earned income" on my tax form so therefore can't contribute to the traditional IRAs. Best regards, Tom

To: rgammon who wrote (17626)	12/28/2001 2:21:14 PM
From: doniam	Read Replies (2) \| Respond to of 18932

Are you sure about taking tax free distributions from a ROTH after five years but before aged 59.5? My understanding is that only the investment amount can be withdrawn <59.5 without paying tax, but perhaps I can't read Pub 590 correctly. Re future changes to the tax law, I would be more afraid of a national sales tax or VAT instead of a income tax. If this occurs then an old fashioned IRA would be better than a Roth as tax free distributions would be of no benefit. Long term tax planning is very difficult, as evidenced by the sweeping changes from TRA 86. Best for the new year -don