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Posted On: 12/01/2021 4:53:12 PM
Post# of 148899
Another option is to move the shares from a traditional IRA to a new, empty Roth. I do a bit every year so as to cope better with the taxes due. Then plan to not withdraw it for 5 years and be past the 59 1/2 years old milestone. It doesn't alter the pps- but helps not worry about that so much as the taxes due the year of the conversion are based on the current value of the stock. (Taxes due at 1,000 shares at about a dollar versus 1,000 shares at the five dollars I originally paid.)
Have also converted from a traditional IRA to an HSA account (which rock). Gets a bit nuanced and can only be done once a lifetime per person- but it works out great.
GLTU
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