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

To: Kirk © who wrote (2593)	1/4/1998 8:19:00 PM
From: Karin	Respond to of 42834

I believe You must first pay your taxes on Your reg. IRA. Than You can transfer it into a ROTH IRA. The Roth sounds to be a better deal, unless Your income level is too high and dont qualify for participation. K.D.

To: Kirk © who wrote (2593)	1/4/1998 8:29:00 PM
From: Karin	Read Replies (1) \| Respond to of 42834

I do have an other question- Why is it that B.B. does not list the Vanguard Total Stock mkt. Portfolio as one of his recommendations in his MARKETIMER Newsletter? He recommends it very highly as his very vavorite fund on the radio program. Is this an oversite? K.D.

To: Kirk © who wrote (2593)	1/5/1998 9:41:00 AM
From: Wally Mastroly	Read Replies (1) \| Respond to of 42834

Karin is correct on the Roth IRA. But if you transfer your existing IRA to a Roth in 1998 you will be able to spread the tax consequences of any profit over 4 years. It is unclear yet how those profits will be taxed. Will they be added to your normal calendar year income and be taxed at the resulting higher (possibly) tax bracket rate ? My understanding is that those regulations will be issued in the near future to clarify the consequences of transferring an existing IRA to a Roth. For those Moneytalk listeners in the greater NYC area who can receive WABC (770 AM), there is another good money/finance talk show on Sunday mornings from 9 AM to 11 AM: Adriane Berg. She indicated that more details on Roth IRA transfers should be forthcoming soon. ) She also has a newsletter called Wealthbuilder.) I believe one should wait for more information before any such transfer. Any tax consequences should be reviewed first.