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Non-Tech : Any info about Iomega (IOM)? -- Ignore unavailable to you. Want to Upgrade?

To: KM who wrote (37962)	12/1/1997 1:36:00 PM
From: Mel Boreham	Respond to of 58324

*OT*Hi Trufflette, IOM has sure been in a narrow trading range most of the day, but guess you could have picked up some for 32 sometime this am. I'm thinking that the Barrons article established just enough doubt in potential buyers that it took away a point or more today. Especially with the Dow up over 138 at the moment. This is just a blip so still expect some good upward movement after the 11 Million Sold announcement. Should get a point or so there. Regarding the Roth IRA, not sure about the profit sharing plan rollover, sounds like a job for "Super CPA"! I think it should be allowed, but of course you would have to pay the taxes on any gains, interest, etc spread out over the next four years. The Roth IRA has some very good points to it, especially if you plan to trade in the account... as ALL gains in the Roth IRA can be taken out at some future date TAX FREE. Just imagine, you will probably be able to build it up to abour 4 or 5 mil by then! ;^). There is a proviso, you can only set up a Roth IRA if your Adjusted Gross income is less than $100,000.00, so again you will have to look over your projected income this year and see if you will qualify... there is also some sort of phase out up to $160K, so your tax guy or gal will have to advise you on this. The TAX FREE withdrawals of a TAX DEFERRED IRA can be very advantagous, especially if you might be able to garner double or triple digit returns from your trading life style... Good Luck, and thanks for the reply. Mel