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Subject:  Now the time to convert IRA? Date:  10/18/2008  4:18 PM
Author:  Bex76 Number:  64293 of 90454


Since almost everything is down, seems like NOW is a good time to convert regular IRA's or rollovers to a Roth IRA for those funds which are now worth less than what you put into them, you wouldn't have a gain, so you wouldn't have to pay capital gain taxes on the conversion. Right? As long as you could convert it all as "in-kind" with the company you are with. What am I missing, this seems too good to be true, and when that happens, it usually is....

Feedback please!! Becky
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