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To: John A. Greenwood who wrote (2935)	2/10/1998 2:32:00 PM
From: Wally Mastroly	Read Replies (1) \| Respond to of 3276

SI thread on Roth IRAs; Subject 18171

To: John A. Greenwood who wrote (2935)	2/10/1998 9:46:00 PM
From: K. M. Strickler	Respond to of 3276

John, I'm sure you are correct! The conversion has to take place in '98 with the tax spread over no more that 4 years. Additionally, you are correct about early penalties, but I thought that only applied if the total amount was not reinvested (hence where was the $50K in taxes going to be paid from? If you hold back $50K, you will be obligated for the tax ). I hadn't considered the $100K AGI problem - a good observation! As for your analysis, I agree, convert what you can in '98, and fund ROTH from there on! Ken