Message Font: Serif | Sans-Serif
UnThreaded | Threaded | Whole Thread (3) | Ignore Thread Prev | Next
Author: bartim Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 123149  
Subject: conversion from IRA to Roth IRA Date: 3/4/2001 8:39 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
I currently have a regular IRA that I am considering converting to a Roth IRA. The value of my IRA currently stands at about $13,000.00. In the IRA I own shares of stock that I expect to increase dramatically in value very soon. Will I be able to convert to the Roth for Year 2000 at current value, or will it have to be for Year 2001. If I do it for Year 2000, my income will not be over $100,000. If I have to do it for 2001, my income may be over $100,000 as I have the same stock in my regular stock account as well. I have suddenly realized that in my regular IRA if I don't convert and this stock does increase as expected, I will owe a large tax bill as it is distributed later in life, but my tax burden now will only be on $13,000 if I convert to a Roth IRA. I am at the point now that the stock may run, while I am trying to convert to the Roth. Will I still be able to sell during the conversion process.
This is very complicated to me. Can you help.
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (3) | Ignore Thread Prev | Next


In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
Post of the Day:
Saul's Investing Discussions

Skyworks Mid-Quarter Review
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.