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Strategies & Market Trends : Roth IRA ideas -- Ignore unavailable to you. Want to Upgrade?

To: Mitch Aunger who wrote (41)	2/1/1998 10:57:00 AM
From: Bill Shepherd	Read Replies (2) \| Respond to of 388

RE: MY real problem - and why I'm trying to determine this answer Mitch. It sounds to me like you do have a REAL problem. You should talk to the custodian of you current IRA (the one you're contemplating switching to a ROTH). I've heard differing stories on how the "basis" of the transfer, and thus the gain, is calculated. For mutual fund transfers, it is fairly simple, because a price can be calcuated at the end of the day (I recently switched mutual fund dollars to a Roth...the custodian sent me a simple report that documents the transfer price), however, for stocks, I think they would actually have to sell and repurchase the shares. Otherwise, how could they establish a new basis, what with the nature of the market?? Sounds like you'd want to do it before they went public, for sure. Good Luck !