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To: Venkie who wrote (90496)1/21/1999 5:18:00 PM
From: On the QT  Respond to of 176387
 
Both viewpoints have merit. Yours and LOD

Try this for size. Self directed IRA. No taxes until forced to draw from account. Improves situation.

Best move past. In 1997 knew of Roth IRA (was to be called then Super IRA)coming in 98. Made legal moves 1997 that would allow me to participate in 98. Moved 3 IRA's into Roth. Have 4 years to pay the taxes. Already in the remaining non Roth IRA have taxes plus there. Made in 98 on 3 Roth IRA's much more than the original four had.

Going forward I have 3 Roth IRA's that I self direct that will probably continue to appreciate tax free! Can trade and draw money
(5 year waiting period for withdrawals)

However I also opened two accounts that will allow me to trade unrestricted options margin etc. So my consideration there will be different than my different IRA Accounts.

Different ways to handle your money. Think about this,it depends on your present circumstances and what you do now that will affect your future.