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Sunday, May 12, 2019 6:04:06 PM
Been doing some thinking lately about converting some traditional IRA funds to a Roth IRA. Since I retired at the end of last year, theoretically my income should be fairly low this year and a conversion to a Roth would make some sense.
The catch here is what my income for the year will ultimately be. If everything stays the way it is, it should be low and would make it quite feasible to do the conversion. However, if a buyout happens and the deal closes before the end of the year, then income for the year would make a Roth conversion non-sensical. Since the stock price is rather low right now, it would be tempting to do the conversion now, but the other half of me says wait until nearer the end of the year to see what transpires.
I should say, since rereading what I wrote might seem confusing, that I have Amarin stock in both taxable and IRA accounts.
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