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Article: CONVERTING? HOLD ON, IRS TWEAKING ROTH IRA RULES.(Business)(Column)
- Article from:
- Seattle Post-Intelligencer
- Article date:
- July 6, 1998
CopyrightCOPYRIGHT 1998 Seattle Post-Intelligencer. All rights reserved. Reproduced with the permission of the Dialog Corporation by Gale Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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If you think you've just begun to master the ins and outs of the new Roth IRAs, wait a few minutes. Or a few weeks.
IRS restructuring legislation set to be enacted this summer will change some of the finer points of Roth IRAs, and should change your strategy.
Legitimate concerns have been eased, and loopholes have been closed. Here's what you need to know now to best manage the Roth IRA, still a great deal for most saving Americans:
The 1997 legislation that established Roth IRAs gave taxpayers earning less than $100,000 the option of converting their current IRAs to Roth IRAs in 1998 and spreading the resulting tax burden over the next four ...