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.

Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?

To: Zoltan! who wrote (10428)	11/13/1997 9:00:00 AM
From: LordDarley	Read Replies (1) \| Respond to of 77400

<Last time I looked the Treasury does not give refunds for error of forethought> How right you are. I recall arguing with clients whose "financial planners" had told them it made sense last year to take big taxable distributions from their IRA's because there was only a 3 year repeal of the 15% excess distribution tax. Fortunately, my clients listen. But there must be a lot of people who are quite angry after taking big (e.g. $1m) distributions and who now see the 15% tax has been permanently repealed. Regards, LordDarley

To: Zoltan! who wrote (10428)	11/13/1997 11:07:00 AM
From: dmf	Respond to of 77400

Duncan & Thread Re: Roth Conversion "Last time I looked the Treasury does not give refunds for error of forethought." This is a mighty big reason NOT to convert traditional IRA to Roth. I can't see paying now based on present tax structure, knowing things will change. It's hard to WIN when you are playing a game where the rules constantly change. With the IRS I have no choice. While we are all thinking this through, and speaking with advisors, it helps to share thoughts here. Apologies to those who find this off topic, but with CISCO profits involved, perhaps many understand. dmf