Go to Jeff Salisbury LWGate Home Page.From: drstone@gsvms2.cc.gasou.edu
Subject: UnRothing
Date: Fri, 23 Oct 1998 16:55:51 -0500
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On Oct 20, Christy said p.s. I'm in a worse situation, I converted $X on July 21 which is now about $(0.85*X) :-(. Do I take advantage of the 4 year spread which means that some would be taxed at 28% and most at 31% or do I unconvert and convert in Jan 1999 meaning all would be taxes at 31%. At this point I'm waiting to December 27th or so to decide. I'm, figuring if the value is $(0.95*X) it's probably worth spreading over the 4 years. I will run numbers then, but am open to comments on the time value of money etc. Cheers! Some of you may remember I asked a question several weeks ago about undoing a conversion to Roth, then "reRothing" so you'll only have the .85 X as taxable income The responses I received indicated that the revised IRS rules will allow this. I have not checked with the financial houses who actually control any accounts -- will Schwab or Fidelity or whomever allow it? Or perhaps charge fees for the paperwork? (Wow, Christy, you're only down 15% since midJuly -- want to become my financial adviser?) David +++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ David R. Stone Office Phone: 912-681-5335 Department of Mathematics and CS Office Fax: 912-681-0654 Georgia Southern University drstone@gsvms2.cc.gasou.edu Statesboro GA 30460-8093 Home Phone: 912-681-4048 - -
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