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Strategies & Market Trends : Roth IRA ideas -- Ignore unavailable to you. Want to Upgrade?

To: Sonki who wrote (122)	4/29/1998 8:31:00 PM
From: Howard R. Hansen	Respond to of 388

I do not know what TIRA stands for. > I do not want my beneficiary to use the Roth mony, i just wanted > to rollit over to their roth account. The reason i m willing to pay > big tax right now is that i hope that mony will grow tax free for > many genrations. By this do you mean can you roll over an IRA into a dependent's Roth IRA? The answer is no. The only time you can transfer an IRA to another person is when you die. Sorry, your hope the money will grow tax free for many generations is erroneous. The maximum number of generations the money in a Roth IRA can grow tax free is 2 generations. Your lifetime and the lifetime of the beneficiary. The length of time money can grow in a regular IRA after it is transferred to a beneficiary is much more complicated than it is for a Roth IRA and except for a spouse it is generally less than the lifetime of the beneficiary.