Quote:
Originally Posted by dewilson58
Just got an email today from an investment guy (who I have listened to over the years)..................."Given the slump in the market, you should convert some traditional IRA dollars to Roth."
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Wils, he might not have meant literal dollars. He might have meant that if you want to convert in-kind shares, you can get more shares out at a lesser gain in a down market and back into a Roth if you want to do that. Of course, if the share price then goes lower, the ROI might not happen for a while, especially when factoring in the face value of the committed shares that would be taxed on the way out of the traditional IRA.
At least, I think that’s what it means. I am pretty sure I am right about in-kind transfers so you don’t have to sell the stock. But it is entirely possible that I have no idea what I am talking about.
This is really a question for the OP. I just keep killing time today. (sigh). Besides, I think I must be the only one in this lineup who thinks conversion to Roth before RMD age — and only if the stars align — can be an excellent idea.
OP? In-kind is OK, right?
Boomer