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URL:  http://boards.fool.com/traditional-vs-roth-iras-15177148.aspx

Subject:  Traditional vs Roth IRAs Date:  6/14/2001  11:55 PM
Author:  mig2joes Number:  51829 of 123001

My husband and I opened an account with an investment company last year. A friend advised us to transfer our traditional IRAs to the investement company and put it in a Roth IRA. We are not very savy on investment and were not aware until we asked for help to do our taxes that when we transfered the money we did not "roll over" but converted the $25K. This put us in a much higher income bracket, we had sold our home in 1999 and have no deductions (children at home, college, etc.). We contacted the investment company to see if we could withdraw money from our Tax Free Money Market account or "recharacterize" the IRAs.