Can I in every year:
01/01-XX
Convert $100,000 from IRA to ROTH IRA
12-31-XX
recharacterize $95,000 from ROTH IRA to IRA
ROTH IRA ?Is this legal?
Apr 18, 2009
3 Replies
01/01-XX
12-31-XX
What you suggest is consistent with the convoluted strategy I read about some time ago. Had to do with multiple account creation and the recharacterization of all but the best performing account. e.g. in a mix of 20 end products, one is bound to have performed very well, maybe even doubling, you leave that one, and recharacterize the rest.
Legal? Sure. Is it worth all that time and paperwork? Ida know. Joe
Can someone explain the gain in this strategy? thanks Joe
We discussed this here about a year ago:
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Start at the 1st Jan. 15 post by joetaxpayer (17th post in the list).
-Will
william dot trice at ngc dot com
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