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Badger & Pixl - would both of you please read my inquiry in Retired Fools titled "Converting to Roth IRA", and give me YOUR opinion(s)?

I posted that in this down market, it should be a good idea to convert all down-in-value (worth less than original contribution) after-tax IRA's to a Roth IRA with no current tax outlay.

I received comment that ALL IRA's would have to be combined, and after-tax and pre-tax proportioned, in converting any amount to Roth. The assumption was that a given IRA did not stand alone for conversion purposes.

This seems to relate to your conversation "Combining IRAs". This would seem to be a major discussion point - whether ALL of a person's IRA's (after-tax & pre-tax) have to be lumped together and treated proportionately when amounts are withdrawn and/or converted.

Would appreciate any comments.
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