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itlogic

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itlogic

Re: lc45 post# 531

Thursday, 08/07/2008 5:02:41 PM

Thursday, August 07, 2008 5:02:41 PM

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Well, that's true Roth's are. But, you can only roll-over an existing account into a Roth. When doing that, the taxes due on the original account must be paid.

So, the Roth is tax free only after you pay your taxes in full from the account your rolling over from.

These are my opinions unless otherwise noted.

Proud member #2 of the "iHub 9". All CAPS will crush the whimpy girly man quotes!!!

http://www.pinksheets.com/otciq/ajax/showFinancialReportById.pdf?id=15992

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