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Technology Stocks : PSFT - Fiscal 1998 - Discussion for the next year -- Ignore unavailable to you. Want to Upgrade?

To: Chuzzlewit who wrote (152)	3/6/1998 8:03:00 PM
From: Raptor	Read Replies (1) \| Respond to of 4509

Paul ... This is the second time in the past week I have heard of a "Roth" The first was some discussion going on CNBC, I believe, where someone was giving advice as to whether to convert or not. Being a Canadian, I have some familiarity with what an IRA is, but this "Roth" is new to me. I know it doesn't affect me, but I'll tell you what makes me green with envy is all the tax angles Americans have over us. We have the RRSP admittedly and investment loan interest is tax deductible, but let's not turn this into a discussion of Canada/US tax laws. 25 words or less to define "Roth" would be nice. I wonder if it's named after some Senator or Congressman like a so many other things down there. E.G. Helms-Burton law (you remember the name, but not which law it is about, if you catch my drift). Any information would be nice to have and I can impress somebody up here with my new found knowledge I'm sure.

To: Chuzzlewit who wrote (152)	3/7/1998 12:49:00 AM
From: Bagman	Read Replies (1) \| Respond to of 4509

Don't forget that, actually, your income spread out over the next four years is SET at the time of conversion, and will have nothing to do whatsoever with how your Roth portfolio does from then on. However, if you earn lots of other taxable income (hopefully), this could bump you up into higher brackets, and then the "conversion income" portion each year that gets added to income may be taxed at different marginal rates each year. I have just converted, placed it in E-Trade, and, over the last two days, have had fun self-directing the purchases of many great stocks (I hope) (PSFT was at the top of my list, by the way). Would love to hear from any of you who could give me some wise counsel on the rest of my purchases, which were: Pfizer, Costco, Walmart, Veritas, Legato, Intel (yeah, I know), Dell (yeah, heard it before), Lockheed Martin Marietta Northrup Grumman (cha, cha, cha), & Home Depot. Would have bought Microsoft and Lucent, but ran out of money. Got my flack jacket on, so take your best shot. INCOMING!