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Subject:  Existing IRA to Roth? Date:  6/16/2000  3:27 PM
Author:  sbarone Number:  4210 of 20640

I have been building IRA's for nearly 30 years. A financial advisor recommended that I convert my existing IRAs to ROTH IRAs, so that I could avoid any future penalties. However, I would have to take the 28% penalty to do so now.

This didn't sound like a good idea to me, but I haven't been able to find anyone who knows about this possibility.

Appreciate any help, thanks.
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