Roth - smallest increment of conversion


From: Storage BU - Array Controllers DTN 522-2718 19-Jan-1999 1753 -0600 <marks@ssdevo.ENET.dec.com>
Subject: Roth - smallest increment of conversion
Date: Tue, 19 Jan 99 18:02:26 MST

Next Article (by Author): Problem in printing from Quicken Yusuf Mohamedshah
Previous Article (by Author): Re: Subject: IRA "Steve Foulks"
Articles sorted by: [Date] [Author] [Subject]


I'm wondering about the level of granularity for purposes of converting
a traditional IRA to a Roth IRA.  

Lets say I have a traditional IRA in a mutual fund account.  
The account is worth $10,000, and consists of
contributions of $2,000/yr for 2 years and the earnings since contribution.

Assume I meet the IRS guidelines for the conversion from traditional to
Roth in 1999.  I believe I can convert the $10,000 to a Roth IRA account.
But is there a way I can split the $10,000 traditional IRA account into
2 accounts (say $5,000 each), thereby allowing me a smaller level
of granularity for conversion to Roth?

	Thanks,
	Randy Marks


- -

Next Article (by Author): Problem in printing from Quicken Yusuf Mohamedshah
Previous Article (by Author): Re: Subject: IRA "Steve Foulks"
Articles sorted by: [Date] [Author] [Subject]


Go to Jeff Salisbury LWGate Home Page.