Greetings, Truckbad, and welcome to Fooldom.

<<Gotta like this guy Roth! It looks like his IRA really benefits younger investors (those less likely to receive the generous social security checks current beneficiaries do), and it sure makes planning a whole lot easier, no tax implications to worry about.

I would like to roll both of my IRA's into Roth's next year, but fortunately I have to worry about the 100k AGI limit. It should be close, but what if I go over after I've rolled? I found this same question posted by someone else as #503 in Tax Strageties. Sorry for the redundency, but I thought someone here might have something further to add. >>

IRS guidance on this issue isn't out yet, so I can't answer with any degree of authority. For borderline cases, I can't respond any better than TMF Taxes. The $100K is an absolute AGI limit, and if you're over, you're over and can't roll a traditional IRA to the Roth. If you know it will be close for the year, wait until the IRS has put out the rules regarding what happens if you roll and ARE over. You have until 12/31/98 to make this decision, and the guidance will be out well before then. When it comes to the IRS, I would err on the side of caution, and in this instance caution is saying, "Slow down. Wait and see."

Regards.....Pixy