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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?

To: Investor2 who wrote (2321)	12/7/1997 10:48:00 PM
From: DD™	Read Replies (2) \| Respond to of 42834

Did anyone catch the Starship Moneytalk this weekend? I would be interested to hear if Bob was on, and if there were any comments on the overall market. DD

To: Investor2 who wrote (2321)	12/8/1997 1:45:00 AM
From: Greg Luke	Read Replies (1) \| Respond to of 42834

I really had not considered converting my existing IRA's to Roth, but it has some merit. I don't think this Roth IRA will be around too long..pretty good deal actually. [You will note I said "investment returns" are tax free, but your point is a good one]. This is going to be the week's project: finding out the details of the Roth IRA. I never see a "good" time to take money throught the proverbial "tax window". In the past, events beyond my control have forced me to take it out at particularly BAD times. So, getting the whole chunk into a position where they are generating tax-free returns over time is quite inviting. Thinking about it, with the booming economy, and a new tax cut in the wind, the next few years will probably be one of the best times to pass throught the tax windows, at least in our lifetime.

To: Investor2 who wrote (2321)	12/8/1997 11:48:00 AM
From: Gary M. Reed	Read Replies (2) \| Respond to of 42834

I2, Re: converting your IRAs into Roth IRAs. Excellent point. It's funny, I had a few conversations with some clients about that very idea this weekend. You definately hit the nail on the head--in 10-15 years, there will be (at least I think) a serious influx of 60+ year olds entering into the period in their life where they can take advantage of the various entitlement programs (Social Security, Medicare/Medicaid, etc.) and the working folks of the world will have to pay for it. It's silly to think that, at that point, taxes won't be a lot higher than they are now. I just think it's prudent for anyone 50 years old or younger to go ahead and take the tax hit right now while tax rates are still relatively manageable, rather than get stung with rates that will be much higher when they retire. The Roth IRA and the ability to convert existing traditional IRAs into Roth IRAs will be very beneficial to those with enough foresight to take advantage of this opportunity while it is still available. Good luck, Gary