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Author: TMFPixy Big gold star, 5000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 78663  
Subject: Re: Convert or Not to Convert Date: 5/15/1998 6:43 PM
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Greetings, rosietheriveter (you can't be THAT old!), and welcome.

<<I have a traditional IRA (I'm 54) and have been wondering if it is wise to convert or not. I would have to pay approx $16,000 over 4 years) to convert. THis would leave my IRA earning tax free money...but it would mean that I am taking $16K out of circulation. I can't seem to figure out what to do. Help would be appreciated.>>

Snootfool already pointed you to KATinChicagoland's great Roth trove. You may also be interested in perusing some of the considerations and hard numbers I laid out in this folder. You can find that information at:


There's some very good stuff there you shouldn't miss as you consider this issue. Just be aware that the conversion route isn't for everyone, and how the taxes due on the conversion will be paid is a large part of the problem.


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