Washington Mutual Preferred fka WAMPQ

[kala777]

Traditional IRA to Roth in 2 days
I just checked this with Charles Schwab and confirmed that in 2010 you can transfer your shares directly from a Traditional IRA account to a Roth IRA account regardless of income. You don't have to sell to cash to move them to a Roth account. You might have to pay some extra tax in 2010, but any future gains that happen in the Roth account will be tax free. I plan to move all my WAMUQ and WAMKQs over since the tax amount would be low and any future gains would be tax free. I think it's a nice paypack (by not paying taxes) to our government that allowed this injustice in the first place.

I hope that anyone that has WaMu shares in a Traditional IRA look into converting some or all the shares to a Roth account and I'd like to wish all a Happy New Year of tax free gains!