ROTH IRA ?Is this legal?

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Subject Author Date ROTH IRA ?Is this legal? doug 04-18-2009  Re: ROTH IRA ?Is this legal? JoeTaxpayer 04-18-2009  Re: ROTH IRA ?Is this legal? joe.no_junk@gma... 04-18-2009  Re: ROTH IRA ?Is this legal? Will Trice 04-19-2009
Posted by doug on April 18, 2009, 4:31 am 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 Posted by JoeTaxpayer on April 18, 2009, 8:09 am doug wrote: > 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 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 Posted by joe.no_junk@gmail.com on April 18, 2009, 3:13 pm > doug wrote: > > 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 > > 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 Posted by Will Trice on April 19, 2009, 4:01 pm joe.no_junk@gmail.com wrote: > Can someone explain the gain in this strategy? We discussed this here about a year ago: http://tinyurl.com/cvqpt2 Start at the 1st Jan. 15 post by joetaxpayer (17th post in the list). -Will william dot trice at ngc dot com Similar Threads Posted Is this even legal?? September 30, 2006, 4:47 am Financial adviser's legal responsibility September 29, 2008, 6:12 am Pre-Paid Legal Services--are they worth joining? October 23, 2008, 11:25 am Re: Foolproof and legal way of "money laundering" found. Interested? September 24, 2006, 12:05 pm UGMA / UTMA to 529 Plan Strategy - Legal? Make Sense? October 25, 2007, 1:09 pm roth ira April 30, 2008, 5:06 am roth ira November 20, 2008, 3:31 pm Tradtional IRA/SEP to Roth November 6, 2006, 5:14 pm Roth 401K? January 2, 2007, 5:04 am Roth 401k vs. Roth IRA vs. 401k January 8, 2007, 5:00 am