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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (13383)	1/24/1998 12:11:00 PM
From: eddie r gammon	Read Replies (2) \| Respond to of 18056

I am going to show my financial ignorance here but let me throw something out for comments. I went to a siminar on the Roth IRA the other day and one thing that was covered got me to thinking (dangerous I know). This year is the only year folks have to roll their regular IRA's over into a Roth. The taxes will be spread out over 4 years IE: if 100,000 is rolled over taxes are due on 25,000 in 98, 25,000 in 99, 25,000 in 2000 and 25,000 in 2001. I think there should be a huge number of people take advantage of this. If so, would not this bring in huge amount of extra income to the US Treas over the next four years? Just wondering if this is so, how will it effect the grand scheme of things, if at all? erg