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To: Ann Janssen who wrote (15803)	1/8/1998 12:46:00 PM
From: JT	Read Replies (1) \| Respond to of 27012

Hello Ann, Got your e-mail. Hope the weather is improving in NE. JT

To: Ann Janssen who wrote (15803)	1/8/1998 1:57:00 PM
From: ANANT	Read Replies (1) \| Respond to of 27012

Ann: About Roth IRA This is a very complicated piece of legislation. The brokerages are not still geared to make the process smooth running. The Fido is awaiting some pending changes to Roth IRA. The pending changes include: ( as pubished by Fido next to 28 page) 1. In order to prevent tax payers from receiving premature withdrawals from Roth IRA converted amounts, the pending chages would impose a harsh penalty on these withdrawals - possibly up to 20%. 2. Permit tax payers who erroneously convert Traditional IRAs into Roth IRAs or otherwise wish to change the nature of an IRA contribution to reverse the transaction by the due date for the tax payer's fed. tax return for the year of the contribution (including extensions) Summary of salient features: Eligibility: single $ 100000 income or less married-joint filing $ 150,000 or less married separate filing : not eligible for Roth IRA Conversion in 1988: The total tax liability is payable in 4 yearly installments Conversion in 1999 or later: Total tax liability payable in that years tax bill. Withdrawals: No forced withdrawals from 70.5 years onwards Since taxes are paid, the assets transferred to Roth and subsequent gains are not taxed in future years. My thinking: If one plans to convert the existing IRA into a Roth conversion IRA: Transfer in piece-meal the securities as and when they are badly beaten so that your tax liability is minimized It is advantageous to pay the tax bills from other non-Roth IRA resources. If you please give me your fax #, I will try to fax some material which you may please read as a starting point. Please contact your broker to send you stuff on Roth IRA as adapted by your brokerage. There could be some changes from broker to broker in the practical implementation. After picking some basic knowledge, it is better to get help from your tax advisor if Roth is advantageous as applicable to your specific case. Hope I could of some help to you. Kind Regards ANANT