European Stars And Stripes (Newspaper) - September 13, 1987, Darmstadt, Hesse Page 20 the stars and stripes sunday september 13,1987 investor s guide by Bill Doyle 1. My wife his a retirement account with a Duci Iuno brokerage firm. She buys and Selli Istocki and other it truth h for the Isa and by done quite do. The value of her Ira has increased. A taunt she is Deal ing with a discount brokerage the commission of each Pur Chase and Sale am Nom Inal. But they do add up. Can she add Unev to her Ira equal to int total if thins and Lake that amount us a Doyle deduct Iii on her income tax re turn a. No. The internal Revenue service came out foursquare against Ihm Noi Ion last year in Revenue Rul ing Sfi-142, a commission is added to the Cost when a Security is Pur chased my deducted front the pro cents when sold. In its ruling the irs did those commissions Are intrinsic to the value of the assets in the Ira and stressed that tax deductible contributions cannot be added to the Ira to offset the com missions. Furthermore if your wife puts Money into her Ira above and beyond her allowed contribution that extra Money will be counted As an excess contribution from her Ira. Like All Ira participants How Ever your wife can make an extra payment to cover the annul fee most Ira trustees and sponsors charge. The terminology varies but that fee usually is called a Custo dial " administrative or fiduciary charge. For 1986 and previous years that annual Ira fee could be taken As an itemized tax deduction on a Federal income lax return if the Ira participant paid it separately. Beginning this year itemized deductions can be taken Only to the sex Iceni that they exceed 2 percent of adjusted Gross income. Q. I m in Ray sixties retired and Hac approximately $350,000 in a rollover Ira at a brokerage firm. My wife is still employed. 1 would like la withdraw $25,000 from the Ira. I realized the withdrawal will be taxable and will pot in a High income Tux bracket this year i asked the brokerage to Send me the $25.000 and la pay the tax out of my account to the mine Lime. They seem reluctant to do anything. Should i insist that the brokerage comply with my request a. Sure. You re infilled to with draw any amount you choose from your Ira. After you pass age 70vi, you la be required to make withdrawals at a rate sufficient to empty the Ira Over the joint life expectancy of you and your beneficiary. Federal income lax automatically is withheld from Ira withdraw als unless you opt to have no with holding. On a no periodic distribution such As you want tax generally is withheld at 10 percent. Bui you can have a larger tax bile taken out. Let s say you figure to be in the 35 percent Federal tax bracket this year. According to my Handy Little calculator you la have to request a withdrawal totalling $38,462 with $25,000 coming to you and j 13,462 going to i helps. Business news to Mont. M in i Fiat at Nati Tama to 161 a. Digital equipment jumped 4h to 1904 after trading As Low As 180 Early in the week. Analysts reacted favourably o a tsp cont4uk Mai Acorn by Velum so Mew vat close earns rid Iio pm .t7,1t� 37k 3 mine it la Oruill 3.801,600 bus 5.35 130 24 Tricot 3jm700 h Ancho 1,2 Otott 1 2,399,300 44 4 038 117.0 ism 2.3mjhj 1c1k 7.29 220 27 a Lei 1 2,107,700 1114 26? 23.0 9.2 a til 2.007,000 i 0 14 235.0 31 nil Blitz in i.847joo 17 fool he i.77ijoo it 0bo 30-0 in Elko 1.74bjoo Divi 369 2bo 2.s Eto Ksir to Juma comport a adm Dun Wolf vol Cuneo in ill 1,693,400 to an e79.joc4m.500 45b.100 4i4.g� 414.900 341.000 314.000 232.700 1ft27h i ib50k 27k om430 440 0.1 Amu con flu my Clung Kiodt Cut Crig Tuni it via Mel xxx 109 4 1107? 10.0 of Cut of Komeot lbs Trier bar Mem la Capcha Hun Crown totem cow Cho Eami p e Vid 70k hit. 1 244 to 1m� to 421 25.0 19 2dbh 4 k 18,24 30 1.4 h t 0 99 34.0 1.3 4sh 8v, ob4 600 0.1 14 300 0.0 0.1 oh33i Hal fan Cnown Criola be in afum Uewl a ism k 255 92i to 1.5 3 19 100 q.5 2.47 27.0 of 1.77 100 a 1� i Jit my 3h old pit 4 so 20.0 46h into Umi w non Usu Uditta. Two new computers in its Mic Rovai com Puter family. Oil Letle Rose 4vi to a t on rumours thai investor Ronald Perlman had raised his bid Tor the personal care com Pany to 152 a share from 147. Ames department stores fell 4ft is i late tuesday the company reported a Sharp drop in second Quarter earnings. First City ban corporation Oft Ems fell it to i the Federal Deposit insurance corp. Pledged nearly $ 1 billion wednes Day to prevent the Bank s collapse. Overall losing issues ouir.,.vn Rcd gainers 1,036-874 among the 2,lid new York Slock Exchange issues changing hands. The number or shares changing hands on the new York Stock Exchange during the week totalled 765,648,170, compared with 853,696,590 a week before and 910,209,180 shares traded during the same week a year ago. The Dow transportation Index Rose 9.08 to 1032.52. The interest Rale Sensi Tive Dow Utility Index fell 1.60 to 199.92, Standard & poor s 500-Itock Index added s.28 to 321.98 and the new York Slock Exchange composite Index Rose 2.58 180.02. Volume of nose listed issues including trades in stocks on regional in changes and in the Over the counter mar Ket totalled 765,648,170 Sharet. Compared with 853,696,590 in the pre Vious session. Prices closed mixed in Active trading on the american Stock Exchange. De Clines outpaced advances 479-365 among inc 1,007 issues traded. Volume was 58,200,000 shares compared with 64,689,415 two week ago and 69,698,000 during the same week a year ago. Telesphere International led the amex actives rising i a to 7u, fund prices from Page 19 pm by t4i 771 a 717 Al its 7jo 7i 172 c6 4t 7m 77 744 7 81 tit 013 Kuhnl iimhl.91? Ion i4hi5h is83nl 14hnl.i2uhi 77mnl .ptjl1"1" ij5mnl m. Mallid lt1bnl a pm Iliili
