Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : A.I.M Users Group Bulletin Board -- Ignore unavailable to you. Want to Upgrade?

To: Bruce A. Bowman who wrote (4397)	3/30/1998 6:59:00 AM
From: Bernie Goldberg	Read Replies (2) \| Respond to of 18928

Hi Bruce, Just got back yesterday from a state bowling tournament. Have been out of touch for the past two days. My doubles partner ended up in a hospital with a nose bleed that wouldn't stop so they gave me a new substitute partner with a 192 average. He did great, I did good. So as of this weekend we are in 16th place in the state. As to the Roth IRA. Assuming a 28% tax bracket and a $100,000 IRA. You would have to pay about $7,000 each year for the next 3 years in taxes. If you get an average return in the market (11%) at the end of 4 years you would have little over %150,000 or a $25000 gain on your $28000 "investment" with Uncle. The two key issues the way I see it are: #1 Life expectancy #2 Whether or not you have the funds available to pay the tax without having to take the money from your investments. We're kind of lucky the way I see it since we just sold our business in January. After we finished off the mortgage we still have enough cash left over to take care of the taxes and then some. Bernie