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noelan_s09

02/21/19 8:09 PM

#176910 RE: Crikker #176903

Crikker,

Thanks for the feedback. I am no expert in this but my simple mind said that if I converted 100k shares(hypothetically)from traditional to roth worth $3.17 (Mid May of 2018) and thought it would be at $17.43 nine months later (today) does tax bracket really matter? Yes I will pay a larger income tax but my net gain is much better, No? My opinion and expectation is that the shares will continue to grow to who knows and will be all tax free. Again, I may be naïve or missing something but I welcome feedback. I have met the 5 year rule obligations but I'm not 59 1/2 yet.

Thanks,
Noel
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Chemist2

02/21/19 10:46 PM

#176922 RE: Crikker #176903

Hi Crikker; 2018 was so exceptional, if you do the math, you
will see that Noelan did the right thing! Paying 37% on conversion at <$4
and now having stock at >$16 gives him more $ than leaving it in
Traditional IRA and paying 12% on the new value!