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#2
04-19-2009, 08:01 PM
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 Re: ROTH IRA ?Is this legal? joe.no_junk[at]gmail.com wrote: - quote - > Can someone explain the gain in this strategy?
We discussed this here about a year ago:http://tinyurl.com/cvqpt2 Start at the 1st Jan. 15 post by joetaxpayer (17th post in the list). -Will william dot trice at ngc dot com |
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#1
04-18-2009, 07:13 PM
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| Re: ROTH IRA ?Is this legal? On Apr 18, 5:09*am, JoeTaxpayer <JoeTaxpa...[at]comcast.net> wrote: - quote - > doug wrote:
Can someone explain the gain in this strategy?> > Can I in every year: > > 01/01-XX > > Convert $100,000 from IRA to ROTH IRA > > 12-31-XX > > recharacterize $95,000 from ROTH IRA to IRA > What you suggest is consistent with the convoluted strategy I read about > some time ago. Had to do with multiple account creation and the > recharacterization of all but the best performing account. e.g. in a mix > of 20 end products, one is bound to have performed very well, maybe even > doubling, you leave that one, and recharacterize the rest. > Legal? Sure. Is it worth all that time and paperwork? Ida know. > Joe thanks Joe |
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04-18-2009, 12:09 PM
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| Re: ROTH IRA ?Is this legal? doug wrote: - quote - > Can I in every year:
What you suggest is consistent with the convoluted strategy I read about> 01/01-XX > Convert $100,000 from IRA to ROTH IRA > 12-31-XX > recharacterize $95,000 from ROTH IRA to IRA some time ago. Had to do with multiple account creation and the recharacterization of all but the best performing account. e.g. in a mix of 20 end products, one is bound to have performed very well, maybe even doubling, you leave that one, and recharacterize the rest. Legal? Sure. Is it worth all that time and paperwork? Ida know. Joe |
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#-1
04-18-2009, 08:31 AM
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| ROTH IRA ?Is this legal? Can I in every year: 01/01-XX Convert $100,000 from IRA to ROTH IRA 12-31-XX recharacterize $95,000 from ROTH IRA to IRA |
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