On Oct 31, 12:35*am, dumbstruck <dumbst...[at]gmail.com> wrote:
- quote -

Oops, I guess that benefit is set for year 2010 only.

On Oct 29, 2:07*pm, Ron Peterson <r...[at]shell.core.com> wrote:
- quote -

Yippie. On top of that, is this that special year where IRS allows
spreading the Roth conversion tax across 2 years (without actually
splitting the transfer)?

- quote -

I did a partial Roth conversion at T Rowe Price and it took close to 3
weeks to process. It processed on MONDAY this week, getting done a
day before the 2nd largest increase in history. I am anxious to see
other responses.

------ Misc.invest.financial-plan is a moderated newsgroup where Moderators strive
to keep the conversations on-topic for financial planning. Other posting
guidelines include a request for brevity and another for trimming posts to
which we respond. For all of the other tips and suggestions, see "FROM THE
MODERATORS: Posting to misc.invest.financial-plan", a weekly post now on the
Newsgroup.

On Oct 29, 10:05*am, dumbstruck <dumbst...[at]gmail.com> wrote:
- quote -

Your only risk is not picking the bottom of the market. Make sure that
your income is low enough to convert.

- quote -

If you don't have a Roth account now, set one up with your broker. The
transfer can be done in a day and the tax effect will be calculated
for the prices in effect on that day.

Mutual funds might go on a buying spree in the last half of December
to take advantage of low prices, so do your transfer before then.

--
Ron

------ Misc.invest.financial-plan is a moderated newsgroup where Moderators strive
to keep the conversations on-topic for financial planning. Other posting
guidelines include a request for brevity and another for trimming posts to
which we respond. For all of the other tips and suggestions, see "FROM THE
MODERATORS: Posting to misc.invest.financial-plan", a weekly post now on the
Newsgroup.

I recently did a Roth conversion "immediately" with Fidelity, over the phone
on a POA account (it took about a half hour of conversation and a couple
of calls, since they wanted me to go through the details with a retirement
specialist, and then back to the rep handling the account). I believe it
was effective either the same day or the next.

Keep in mind that I'd already set up the POA, the traditional IRA, the
receiving Roth IRA, and had ensured that the assets could be transferred in
kind. But no specific conversion paperwork required either before or after.

If you'll pardon a rather morbid pun, it was unfortunately a deathbed
conversion.

Mark Freeland
nNeEwTs[at]nyc.rr.com

------ Misc.invest.financial-plan is a moderated newsgroup where Moderators strive
to keep the conversations on-topic for financial planning. Other posting
guidelines include a request for brevity and another for trimming posts to
which we respond. For all of the other tips and suggestions, see "FROM THE
MODERATORS: Posting to misc.invest.financial-plan", a weekly post now on the
Newsgroup.

It may be the ripest of times to convert a traditional IRA to a Roth
one. Depressed values now mean low conversion tax. Considerable upside
potential will then be untaxable. But is there an exposure due to your
conversion taking place in wildly volatile times?

I did this before within one brokerage, and think I threw a bunch of
paperwork over the wall way ahead of time. Is there a brokerage that
would let you set it up, but leave you to pull the trigger or not just
a day or so ahead? Is it an end of the year thing only? Hard to commit
ahead for these things when future 30% market swings might have such
an effect on the tax or advisability of conversion.

------ Misc.invest.financial-plan is a moderated newsgroup where Moderators strive
to keep the conversations on-topic for financial planning. Other posting
guidelines include a request for brevity and another for trimming posts to
which we respond. For all of the other tips and suggestions, see "FROM THE
MODERATORS: Posting to misc.invest.financial-plan", a weekly post now on the
Newsgroup.