Replies to post #798864 on NorthWest Biotherapeutics Inc (NWBO)

[KevGee59]

All Roth conversions need to be held 5 years before you can use it... or any gains. It's a great strategy, but you have to plan it out.

[TheFollower]

I would belive thats just a Non-taxable to non-taxable. So no, if I understand your question correctly. You'd just be combining 2 Roths. For an actual Conversion I would also ust keep each conversion separate. Makes it easy for record keeping.

[sukus]

No waiting if you are 60 yo. Roth is great. I just converted too. Very easy to do it via Fidelity transfer within account from IRA to Roth. No need to call customer service. Pretty straightforward. If Nwbo is expected to rise soon, converting to Roth at much lower price is a good thing IMO.

[TheFollower]

That answer is yes. Even if you roll it over into an existing Roth IRA, that new Rollover is required to adhere to the 5 year rule.