Replies to post #533 on Westmont Resources Inc. (fka WMNS)

[itlogic]

That is correct. After you pay the taxes on the rolled-over amount, any distributions are tax free from then on.

[MCArmel1]

Isn't there some kind of "1 time rollover" coming up in 2010? I heard it'll be a great way to suppliment the Govt with dollars with whatever the fees will be to do that. Some think it's a good thing.. some think you may be better to pay taxes at your then current rate when you retire and take distributions.. I'm not sure myself.. yet..