The Motley Fool Discussion Boards

Previous Page

Investing/Strategies / Retirement Investing


Subject:  Re: Still don't know whether to convert to Roth Date:  6/6/2000  10:51 PM
Author:  jcc3 Number:  22421 of 81362

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.


Copyright 1996-2016 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us