|
PureBytes Links
Trading Reference Links
|
I'm curious how the conclusion was drawn that "a lot" of the old ones are
being converted to Roth IRA's. I saw some stats that very little
conversion business is being done. Can you confirm your data/comments or
is merely a "view"?
Peter Namtvedt wrote:
> At 07:16 AM 4/7/98 -0700, Richard Bond Sr wrote:
> >I have not seen reference to a "IRA" effect, yet we all
> >look at the April 15th deadline. This year the changes
> >in IRA rules seem to have brought back the inflow at tax time.
> >
> >??
> >
> >rcb
>
> rcb:
>
> A lot of old IRAs are being converted to Roth IRAs. That means taxes
> are being paid now to avoid future tax of both principal and earnings.
>
> PeteNa
> petena9090@xxxxxxxxxxxxxx
|