Replies to post #532 on Westmont Resources Inc. (fka WMNS)

[lc45]

I have an acct opened originally as a Roth, that is vested at this time. I did Rollovers from Traditionals to Roths that will take 5 years to vest, including the year I converted them. You pay regular income amount taxes on the rolled amount when you file your taxes for the year of the rollover. All profits made with that rolled money are then completely tax free. Many of our investors are loosing out on $$$$ savings by not understanding the tax codes, especially those that can leave it in the account for future investments. There is a lot more to be made on the profits of trading than on the taxes you pay, even if you withdrawl under a penalty situation.