(Total Views: 403)
Posted On: 01/15/2019 6:01:05 PM
Post# of 32992
To paraphrase Wimpie
Today I told Uncle Sam that I would gladly pay my distribution taxes next year for tax free shares today,
Today, I converted 80K traditional IRA FUSZ shares to 80K tax free ROTH IRA shares. Hopefully around .41 or lower.
All in the hope that FUSZ will be way way higher than .41 come 2020 when conversion tax bill come due for around $5,000.00 , ouch!
So, I am truly putting my faith in Rory that he will make it happen!!! The higher the pps in 2020, less I will have to sell to pay Uncle Sam.
GLTA
Today I told Uncle Sam that I would gladly pay my distribution taxes next year for tax free shares today,
Today, I converted 80K traditional IRA FUSZ shares to 80K tax free ROTH IRA shares. Hopefully around .41 or lower.
All in the hope that FUSZ will be way way higher than .41 come 2020 when conversion tax bill come due for around $5,000.00 , ouch!
So, I am truly putting my faith in Rory that he will make it happen!!! The higher the pps in 2020, less I will have to sell to pay Uncle Sam.
GLTA
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