Date: Sat, 3 Apr 2004 03:57:08 CST
From: "Ed J" 
Newsgroups: misc.invest.financial-plan
Subject: Re: Convert rollover IRA to Roth?
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	3qgiUXtCGRhpU2ip/v1SodFrRTQCCJWQpy4bBgtSLFTlHfFKjkhsqg==
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He is not talking about a rollover.  He is talking about converting
an existing rollover IRA to a ROTH IRA.

Edj

"BMS"  wrote in message
news:%Cmbc.167373$po.975182@attbi_s52...
> Cannot partial roll it over. Either you do it or don't.
>
> "Leigh Menconi"  wrote in message
> news:USibc.8697$yN6.7810@newsread2.news.atl.earthlink.net...
> >  wrote in message
> > news:30dr605u08vo3u85rudptpa4mfrhm35fcn@4ax.com...
> > > I have abt 40k in a rollover IRA.
> > >
> > > Is it possible to convert it to a Roth IRA..... and is
> > > it even desirable to do that?
> > >
> > > Or is it best to just start a separate Roth IRA and
> > > keep this money in the rollover IRA?
> >
> > You have to pay taxes on the rollover, it will be added in with your
gross
> > income.  A few years ago there was an option to spread the rollover
income
> > over four years but I think it expired so you have to pay it all in the
> year
> > it's rolled over.  You could probably do a few thousand a year to lessen
> the
> > impact of the taxes due.
> >
> > Leigh
> >
>