The Motley Fool Discussion Boards

Previous Page

Investing/Strategies / Retirement Investing

URL:  http://boards.fool.com/yes-and-no-you-cant-convert-that-particular-30667428.aspx

Subject:  Re: 401k max and and Roth Date:  5/4/2013  11:24 AM
Author:  Gingko100 Number:  72184 of 76237

Yes, and no - you can't convert that particular Roth as a stand-alone item. You convert it based on % of that Roth to your total IRA portfolio and have to pay tax on the gain based on total portfolio gain, and % of total portfolio you are converting.

If you are converting 100% of your IRAs, it's easy. If less than 100% of your total IRAs, it gets tricky. I've been doing it the past few years, and it's fairly complex unless you do it all in one fell swoop.
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us