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Strategies & Market Trends : Income Taxes and Record Keeping ( tax ) -- Ignore unavailable to you. Want to Upgrade?

To: Brendan W who wrote (802)	3/28/1998 11:57:00 AM
From: Souze	Read Replies (1) \| Respond to of 5810

Self-directed IRA expenses - how to handle? Can anyone tell me where to find information on how to treat expenses related to a self-directed IRA, and on what constitutes an 'expense' in this context (e.g. a WSJ subscription?). Many thanks in advance. 'Check-in-the-mail' new SI member 'Souze'

To: Brendan W who wrote (802)	3/28/1998 6:28:00 PM
From: Investor2	Read Replies (2) \| Respond to of 5810

Thanks for the link to the Roth IRA information. I found the following quote interesting: "The benefits of rolling over your IRA into a Roth outweigh the marriage penalty, particularly if you're still a long way from retirement." The above statement seems to represent the "popular" view of Roth IRAs. Most everyone is interested in converting their current IRA to a Roth IRA. I'm not so sure, however, that converting is such a great idea. The short-term tax consequences of conversion could be significant. In my case, converting would be the equivilent of giving state and federal government thirty-some percent of my savings. Any thoughts on this issue are appreciated. Best wishes, I2