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Re: richardwstevens post# 193249

Saturday, 06/13/2020 8:49:03 AM

Saturday, June 13, 2020 8:49:03 AM

Post# of 239307
Another thought for those who find themselves in this situation; you can convert LQMT stock in an IRA to a Roth IRA, called a backdoor conversion. You don't have to be working to create your Roth IRA and do this backdoor conversion. You'd pay taxes on the value of the stock that you transfer, but you would get the advantages of the ROTH when LQMT appreciates, and of course to our heirs since the ROTH accrues to them as well. Just a thought for people who find themselves in my situation with LQMT.
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