Net, said that the demand for IRA information has never been higher. Investors are still trying to sort through the implications of the 1997 tax law changes. Our new calculators will help investors answer these questions and make the right investment decisions. Graves also said that the Morningstar calculators offer several improvements over other IRA calculators. We believe that Morningstar.
Net calculators offer some significant advantages.
One advantage is flexibility. Our implementation allows investors to choose between a single, one-time investment in an IRA account, and ongoing annual investments. Also, our conversion calculator allows investors to choose between paying the taxes due upon conversion all at once, or spreading them out over four years, as investors can do in 1998. No IRA calculator can provide all of the answers, but we believe that the ones we've designed are the most sophisticated and usable ones on the Web. Chicago-based Morningstar, Inc., is an independent financial publisher of print and electronic products, providing the most reliable, unbiased investment information available in the industry today.