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Subject:  Re: Roth IRA transfer Date:  4/27/1998  8:49 PM
Author:  KATinChicagoland Number:  3079 of 95782

<<Am I to understand that there is no current law covering traditional-to-Roth transfers? That the law is still in the works and could change to anything that Congressional whimsy dictates?>>

Others have answered this generally. I just want to point out that the main thing up in the air was how Congress will treat distributions following a rollover. The original law was *too* generous, creating a loophole for those who wanted to avoid penalties on early withdrawal. We knew right away that Congress would fix this, but the question was how. It now appears that the fix will be done in a very reasonable, taxpayer-friendly way.

KAT in Chicagoland
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