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Subject:  Re: Traditional IRA to Roth Conversion Date:  12/21/1999  6:43 PM
Author:  Chipsboss Number:  1042 of 20632


In your article, will you consider the possible advantage of making a partial conversion of a regual IRA to a Roth IRA?

At age 60 I don't think I can live long enough to recoup the losses to income tax that would result from a complete conversion of my IRA to a Roth IRA. Throughout my 60's, I have the option of taking withdrawals or not taking them. Making small IRA withdrawals, around 1% or 2% a year, and sticking the money in a Roth IRA, benefits my retirement plan. The numbers tell me that it's worthwhile to pay some extra income tax in my 60's to shave a little off my much-higher income taxes when I have to start my IRA withdrawals at 70. That result surprised me. Folks usually say to let the tax-sheltered money ride as long as possible and legal.

Also, will you address the advantages of making charitable bequests from the IRA, so as to avoid income taxes and estate taxes on that part of the IRA?

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