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


To: Raptor who wrote (153)3/6/1998 8:45:00 PM
From: Chuzzlewit  Respond to of 4509
 
Okay, A Roth IRA is an investment vehicle that allows you to escape all taxes (doesn't that make you positively green with envy?). You are allowed to convert your existing IRA to a Roth, but you must pay ordinary income tax on the untaxed portion of the IRA. You pay taxes on one quarter of the converted amount in each of the next four years.
It has some other great advantages (and limitations), but it will take me a few more words to explain them, and since I'm over my 25 word limit I'll stop here.

Regards,

Paul