Replies to post #150283 on Amarin Corp Plc (AMRN)

[Nukemtiltheyglow]

Wow, nice to know, thanks for the update. But, 108k / 300k is a whopping 36% haircut. Why not just go with Tax free Municipals in your IRA if that's possible? Save on taxes, plus when you withdrawal from your IRA isn't it taxed less than 36% maybe more like 20%. I don't know the answer, maybe your CPA would?

Thanks again,
Nuke

[picasel]

Mrfresh, It is my understanding that in order for the withdrawal to be tax free it has to remain in the Roth IRA five years. Otherwise, the withdrawal is taxed. I think, as ordinary income but could be wrong on that part. I have been mulling over something similar, but before doing anything, I will seek the advice of my tax man.

[north40000]

How about a wire transfer of shares from IRA to Roth? Is there a taxable event?

[PSea]

but did your accountant run some models to compare keeping the money in the IRA vs paying the tax and moving to a Roth? This is critically important given your age. $108,000 going out the door in taxes may not warrant converting to the roth. make sure the accountant compares BOTH and the full tax implications.

good luck.