How many IRAs? All you want

The Ticker

July 28, 2000|By JULIUS WESTHEIMER

"You can own as many IRAs as you want," says Tax Hotline, "and it is a good idea to have several. Having multiple IRAs keeps funds locked up longer - to earn more tax-deferred returns, meet family goals, reduce estate taxes and attain other valuable objectives. Multiple IRAs also allow more flexibility in managing tax-deferred assets. For example, each IRA can have different beneficiaries, and you can transfer funds between IRAs without paying taxes until age 70 1/2 ."

WALL ST. WATCH: "There is a new appetite for U.S. Treasury bonds. They are viewed as `safe havens.' Treasuries have outperformed other fixed-income sectors this year." (Black Enterprise)

"Assuming the Fed stands pat, the second half [of this year] will provide respectable, if not generous rewards. They will come from solid stocks that have been around for a long time and will continue to be." (Laszlo Birinyi, money manager, in Forbes)

"Real estate investment trusts (REITS) should be at the top of any income investor's list." (Individual Investor)

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