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To: Greg Luke who wrote (2325)	12/8/1997 2:30:00 AM
From: sea_biscuit	Read Replies (3) \| Respond to of 42834

This is going to be the week's project: finding out the details of the Roth IRA. There is one Roth IRA question for which I haven't been able to get an answer so far. My brokerage has no idea nor did Andrew Tobias (author of "The Only Investment Guide You Will Ever Need"). The question is this : supposing I make a Roth IRA contribution at the start of the year, in anticipation that my Adjusted Gross Income (AGI) for the year will be below $150,000. However, by the end of the year, because of a job promotion, or bonuses, or whatever, my AGI exceeds $160,000 (this $10,000 over the $150,000 effectively ensures that I am not eligible for Roth IRA at all). Now what happens to my Roth IRA contribution? Is there any way I can "convert" it to a "regular" IRA? Would there be any penalties? I would appreciate if someone can dig the answers from somewhere. Thanks. Dipy.