Re: Roth - smallest increment of conversion

From: Rich Carreiro <rlcarr@animato.pn.com>
Subject: Re: Roth - smallest increment of conversion
Date: Thu, 21 Jan 1999 16:56:59 -0500

Next Article (by Subject): Re: Subject: Wash sale Rich Carreiro
Previous Article (by Subject): ONLINE BANKING BOB FORD
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.  

The level of granularity is $0.01, though at a practical level, I doubt
you'll find a custodian willing to open an account with $0.01. :)

>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?

You are under no obligation to convert an entire traditional IRA
account.  You can convert just a piece of it.  You can convert pieces
of it at separate times, and so forth.

So rather than splitting the traditional IRA account, you could simply
convert $5,000 of it to Roth IRA Account A and the $5,000 to Roth IRA
Account B.

Rich Carreiro
rlcarr@animato.pn.com
P5-100/RedHat Linux 4.2

- -

Next Article (by Subject): Re: Subject: Wash sale Rich Carreiro
Previous Article (by Subject): ONLINE BANKING BOB FORD
Articles sorted by: [Date] [Author] [Subject]

Go to Jeff Salisbury LWGate Home Page.