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gweber

12/14/09 11:10 PM

#21667 RE: Crusader #21666

You are correct, I believe you pay the taxes upfront then never pay them again, I will check into that tomorrow if I can convert mine over, Thanks, gw
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gweber

12/14/09 11:47 PM

#21668 RE: Crusader #21666

I called my tax man, in my case it would cost me a small fortune to convert, especially this close to the end of the year, but SOME if not ALL of our Board Members could benifit by this, open a Traditional Ira Brokerage Acct, or a Roth Ira Brokerage Acct. and you can deduct this from your taxes, profits & losses, contact your broker, they are proffesionals at this, give them a call. Thanks again Crusader, gw