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At 09:43 PM 4/7/98 -0500, THE DOCTOR wrote:
>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
>
>
>
>
DOCTOR:
I cannot disclose where I am working, but $50 Million in 2 months
is not peanuts.
PeteNa
petena9090@xxxxxxxxxxxxxx
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