I've been considering the conversion to ROTH for
many months and know the tax liabilites and etc. Now,
that my portfolio is big time down and I would think
it would be a good time to convert. What will be the
taxable value when converted? The value on the day of
conversion? The total prices of the last purchase price of
each stock? The end of year value?
advance for your help.
At least for us BRK
We are buy and hold people, and that's what you do
with guns. You buy them, and then hold forever, slowly
appreciating in price.
Whereas with grass you buy it,
and then PUFF -- it is gone.
...........I know Buffet is watching with keen
interest........he's a one -man Ted Williams fan club and a
considerable "home run" hitter in his own right.........betcha
he would give you a share of "A" for #62 and then
give the ball to McGuire gratis......I expect we'll
all be a lot richer by Omaha '99
if you catch no. 62, how many "A" shares do you
think you could trade the ball for. Also, do you think
web is watching the home run race? after all, he owns
25% of the omaha royals.....good luck to all. see you
in omaha in 99 -
As I understand it, if your
traditional IRA contains nothing but funds for which you took
an IRA deduction...and the earnings on those funds
overs the years, the value on the date of conversion
will be the taxable amount. If however, you have made
nondeductible contributions to your IRA in the past, that will
complicate the calculation as the nondeductible monies have
already been taxed and won't be taxed again at the
There will likely be a complicated tax form to help you
calculate this by the end of the year.
Have converted both our traditional IRAs to Roth
IRA recently. Tax on DAY of conversion spread over
next 4 years when converted in 1998. GREAT time to
convert near 1998 market low. Just do it and years from
now when BRK is up significanly you'l be glad.
I am referring you to an article posted on the
BRK.A board. I have not read the
article but apparently this
poster has. He gives some
interesting info along with
Good observation on some BRK holdings being down
for 98 and some possible additions of WMT & GPS. If
window of opportunity is 9/8-9/14, then it matches many
market timers of some significant market cycle lows on
9/14. Great buying opportunity to add to positions
since a look at a long term chart shows BRK touches 200
moving average and moves higher. looks like anything
below 60,000 and 2,000 are bargins based on historical
charts. Looking to add to my position this coming week
and the timing seems right. Downside risk is much
less than upside potential based on BRK historical
Thanks for the MF message.
Barrons must have been reading my mind.
time ago I commented that BRKA's major holdings were
having a bad year. This weeks Barron's article also
makes that observation.
Yet as the article mentions
BRKA is still up over 30% this year?
HOw can that