SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?


To: Metacomet who wrote (68967)3/31/2010 12:15:52 PM
From: Felix4tune  Respond to of 78424
 
In December, I converted shares of a little speculator I have in a Fidelity IRA. Was able to do everything online. Opened a new ROTH, then moved the shares to the new account. Fidelity sent a 1099R with the "gross distribution" of the new ROTH (showing it's value at year end) and the "taxable amount" which reflected the value of the shares when they were moved into the ROTH.

Very happy with the simplicity and the fact that these can be "recharacterized" if I want to.

ROTH's are a gift as far as I am concerned.

GLTY
Felix



To: Metacomet who wrote (68967)3/31/2010 1:41:14 PM
From: roto  Read Replies (1) | Respond to of 78424
 
I converted to Roth a year ago and I am faced with the tax burden in 2 weeks. My tax burden is a normal distribution.

It was easy to set up the lateral Roth account with my two on- line brokers.
The only thing that is of concern after my Roth was activated was that the actual transfer of stock took a few days. So if you do the daily market timing you will wait. I had the benefit of the "down" market and I took about 2 weeks of picking & choosing which stocks to swap.
All my holdings are in Roth.