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Strategies & Market Trends : Roth IRA ideas -- Ignore unavailable to you. Want to Upgrade?

To: Ken Ludwig who wrote (33)1/31/1998 4:00:00 PM
From: Mitch Aunger  Read Replies (1) | Respond to of 388
 
Ken,
I've been wondering the same thing...

Tho I'm a little confused by your post. You ask a question and then answer it.

Is your statement about the IRS taking away the ROTH a fact or just your supposition?

If true, it can be very dangerous. I hear rumors at my company they may offer to buy out our pensions... giving us a lump sum now instead of managing our pension forever (due to a merger and conflicting pension plans from the previous 2 companies - can't agree on a way to merge new pension fairly). If this were true and somehow that money were to be considered as income...... you get the point... I'd be WAY over the limit!

Thanks
Mitch



To: Ken Ludwig who wrote (33)1/31/1998 4:04:00 PM
From: Mitch Aunger  Read Replies (1) | Respond to of 388
 
Anyone:

I've been looking on several web sites about the ROTH and can't seem to find this answer (probably just real blind).

Everyone keeps talking about the $100,000 AGI limit... I take that as meaning for one individual... but what happens if you are married? Is this per individual (giving $200,000 per couple) or is it a total for all wage earners in the family?

Thanks!

Mitch


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