Replies to post #91987 on Anavex Life Sciences Corp (AVXL)

[bas2020]

I think you're doing a smart thing. I'm 60, so it makes sense for me as well, as the rules are a little more favorable for people over 59-1/2.

But really, everyone should consider this move, if they truly believe Anavex will be worth more than $3B in the future...even if they would have to pay additional income tax, the following year, on the converted shares sold to pay the conversion tax (by not waiting 5 years).

[LakeshoreLeo1953]

Doc....

Not quite sure (I don't follow your other stock) what you perceive
you gained if you converted Traditional to Roth AFTER a significant gain.

The IRS will/did tax you on the value converted at the time of conversion not at your time of purchase. Perhaps the stock continues to run and you have done well. But, the December conversion of an asset which has significant gains would have been better handled earlier.

Hindsight, particularly limited, is always 20/20.....