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Message: RE: Fut, my problem is that I have two Roths - EDIGOKIE

RE: Fut, my problem is that I have two Roths - EDIGOKIE

posted on Jun 22, 2006 09:52AM
Check out the Roth rules carefully. You can only contribute to a Roth account if your adjusted gross oncome is less than $150,000. or so?? Think you are easily under that figure? Maybe not if PTSC pops to $2-3 and you want to sell a big block of shares. You would have a capital gain that would be included in your AGI. Get out your 1040 instructions from 2005 and look up IRA`s, there are pages of do`s and don`t. I purposely didn`t contribute to my Roth in 2006 because I hoped we would be in the position to sell some shares in 2006. If you exceed the AGI, you must reverse the whole Roth contibution which looks like a IRS and paperwork nightmare. Check it out further yourself. This is how I interpreted it.

Good luck longs. I think their(mgmt) plan is on track...

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