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Subject:  Roth IRA's (cont.) Date:  1/29/1998  2:03 PM
Author:  blueman2 Number:  1528 of 78166

Thank you for responding to my question so rapidly. Let me give you some more info. about my situation. I am an employee with a firm that, between the firm and myself, the contribution can be 15% of my salary (my contribution can be up to 8% of the 15% total). My tax bracket at this time is ,I think 15%, and I would for see my tax bracket at retirment at 28%. Please keep in mind that I'm not to familiar w/ the tax brackets and their impact on me later. As my salary increases, of course my contriution could increase. There are also plans ,keep your fingers crossed, of a possilbe associate position or partnership.

I also understand that my wife can contribute $2k to a Roth I can contribute $2k to a Roth and I can transfer my office SEP-IRA into a Roth. At this point the total amount could be say for numbers sake $8k to a Roth per year. Now I realize that I will have to pay taxes on my SEP-IRA