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| Subject: Re: Still don't know whether to convert to Roth | Date: 6/6/2000 10:51 PM | |
| Author: jcc3 | Number: 22421 of 85272 | |
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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 |
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