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URL:  http://boards.fool.com/january-might-be-better-if-you-wait-until-january-27107946.aspx

Subject:  Re: Now the time to convert IRA? Date:  10/18/2008  4:58 PM
Author:  Watty56 Number:  64295 of 76392

January might be better.

If you wait until January to convert, then if stocks go down over the next year you will have a longer time to undo the conversion to not pay taxes on the lost value by doing a recharacteriztation.

http://www.investopedia.com/articles/retirement/03/092403.as...

I’m not a tax pro, but as I read it, if you convert in January 2009, and file for an automatic extension in April 2010, then you would have up until October 2010 to undo the conversion.

Greg
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