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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study! -- Ignore unavailable to you. Want to Upgrade?

To: James F. Hopkins who wrote (10614)	5/3/1999 12:24:00 AM
From: David Wright	Read Replies (1) \| Respond to of 14162

Jim, First...consult your tax consultant to verify. You can pull all of your money completely out of an IRA, hold it in cash for 60 days, and redeposit it in another IRA account. If you move it from a 401k to an IRA, or visa versa, it is called a Rollover. If you move it from one broker to another, it is a transfer. As long as you only do it once a year, and put it back into another legit retirement account, you don't have to pay any penalties on it. I don't know what happens if you do it over the end of the year? Like the Y2K panic folks might do. The only good news about an IRA is that you don't have to pay taxes on your gains while you are making all those millions from your other endeavors. Then, when you are old and poor, you can withdraw it at a lower tax rate. Ok...I'll bite. What the heck is a sector spider? This sounds a lot like something that breaks my KISS rules! And I gotta hope all of you lurkers were wondering too, but just wouldn't fess up.