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 : Roth IRA ideas -- Ignore unavailable to you. Want to Upgrade?

To: Beverley Davies who wrote (140)	5/1/1998 10:54:00 AM
From: mod	Respond to of 388

Beverley, I agree with your Roth analysis. I converted a substantial amount of my SEP-IRA to a Roth 2 months ago, because of the allure of no taxes (and no minimum withdrawals at age 59 1/2). Since then, I'm up 29% in my Roth, which in effect covers most of the taxes I will have to pay on the conversion. Long-term, I intend to steer my best trades (high return, low risk, such as IPOs etc.) to my Roth, so I believe I can grow the Roth faster then my regular IRA account. Dennis

To: Beverley Davies who wrote (140)	5/2/1998 3:20:00 AM
From: dumbmoney	Read Replies (2) \| Respond to of 388

I like the Roth a lot. My sense is the government doesn't yet realize just how good it is and when they come to their senses, they'll take it away from us. Roth is great for the gov't because they get the money NOW, and the conversions provide a tax windfall. Remember that politicians have very little incentive to think about the future. 30 years from now when people have multi-million $ Roth accounts, the gov't will invent a new tax to make sure there are no tax-free millionares around.