Rothifying

Discussion in 'Interactive Brokers' started by SoCalOptionsWriter, Nov 5, 2023.

  1. I have a traditional IRA at IB. Can I easily convert it to a Roth, or do I have to open another account and redo paperwork?
     
    murray t turtle likes this.
  2. %%
    DONT know about ''easy'' have to pay taxes on it .:D:D Double check with CPA or Jackson hewett.
    Frankly i like the idea, taxes maybe higher later;
    if taxes are not higher i like Roth anyway/tax free groWth, tax free withdrawls, mostly...........................
     
    Last edited: Nov 16, 2023
  3. mervyn

    mervyn

    Jackson Hewitt, seriously?
     
    murray t turtle likes this.
  4. %%
    Seriously;
    much better than an IRS call, or do it yourself kit in the woods.
    HRB would not even give me an estimate;
    must not be a fair price:caution::caution:
    JH also gives you a free fingernail file, with imprinted ''Have You Filed yet??''LOL:D:D
     
  5. mervyn

    mervyn

    Dude
    Dude, are they both hiding in Walmart near you?
     
    murray t turtle likes this.
  6. %%
    LOL HRB may not even be able to get into WMT with thier fear of a US TAX estimate LOL:D:D
    Repeating pattern /JH gives you a fingernail file with imprinted ''Have you filed Yet??''