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Subject:  Roth IRA Question Date:  3/21/2001  1:55 PM
Author:  FortWayneFool Number:  28554 of 88063

Hi all,

I have a question that, on the surface, might sound a little shady. So just let me say up front that I'm an honest guy and ultimately, I'll do the right thing!

On to my question:

I've set up a Roth IRA for both my wife and for myself. Typically, our incomes fall within the AGI to qualify for a Roth IRA. However, this year, I liquidated some stock to purchase our first home. Doing so pushed my AGI over the Roth IRA limit. Prior to all this, I had already made my Year 2000 contribution to my Roth.

So my "shady" question is this: Who's gonna know? The IRS knows nothing of my Roth IRA. My online broker knows nothing about my AGI. I don't turn 59.5 (and therefore won't dip into my IRA) for another 30 years. So why not play dumb and blow it off?

I'm certain there's a reason, otherwise everybody and their brother would have a Roth, regardless of their AGI.

Just curious...

Thanks in advance for your responses.


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