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To: K. M. Strickler who wrote (2927)	2/10/1998 2:28:00 PM
From: John A. Greenwood	Read Replies (2) \| Respond to of 3276

K.M. and all who responded to Roth question, The one thing that wasn't mentioned in the responses is that the 4 year tax payoff for conversion is only true if you convert in 1998. If you initiate the conversion in '99, you add the taxable amount to that year's income. You can do a partial conversion, so it probably makes sense to convert any non-deductible contributions you've made in the past to shelter the future gains from taxes. Also, in K.M.'s example, you must be careful about using funds in your existing IRA to pay the taxes because of the possibility of early withdrawl penalties. There is also a restriction on the AGI of $100,000 on a joint return (no separate returns allowed) in the year of the conversion, excluding the conversion amount. What I've been able to figure out for my own case is, with ten years to retirement, that I should convert all that I can afford, and do it in '98. Thanks for the thoughtful input. John