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Non-Tech : MB TRADING -- Ignore unavailable to you. Want to Upgrade?

To: Wayners who wrote (4515)	4/14/1999 2:05:00 AM
From: Colin Cody	Respond to of 7382

Whether you overfund on purpose or in error, the 6% annual penalty applies. As you grow the account the 6% means a larger and larger penalty each year. You'd have to be some darn good investor to overcome that penalty. But as you imply, let's say you can make 100% a year trading, consistently. Heck, fund the IRAs to the hilt and go for it! The 39+% annual tax deferral would leave you with much more $$$ in the IRA to trade with!! No one will allow you to put more than the limit in any one IRA, but you could, I suppose, open Keogh plans or SEP plans, fund for $30,000 each, close and transfer to a rollover IRA and trade like crazy!! Check with an IRA/retirement plan specialist before trying this on your own. Good Luck. Colin