|
The Motley Fool Discussion Boards
|
Previous Page | |
|
Investing/Strategies / Retirement Investing |
||
|
URL:
http://boards.fool.com/you-could-do-quotmore-than-one-chunkquot-a-12693437.aspx
|
||
| Subject: Re: Still don't know whether to convert to Roth | Date: 6/6/2000 10:51 PM | |
| Author: jcc3 | Number: 22421 of 88051 | |
|
You could do "more than one chunk" a year, its not a rollover, but your tax hit goes up for each chunck you convert. IOW, if you convert $1,000 in 7/2000 you would add the grand to your income for Y2K and pay at your tax rate. If you convert another $1000 in 8/2000 (presuming T Rowe allows it and I don't see why they wouldn't) you would then have to add $2000 to your Y2K income for tax purposes. JCC |
||
| Copyright 1996-2018 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us | ||