Quote:
Originally Posted by GrayHare
In my book any tax free gain is a victory.
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Well, you're paying a tax on the conversion, that's a given.
And in the scenario I described, looking for a short term drop while sitting out (or not converting) during a run up, you're paying more tax, or converting fewer shares. Maybe you'll see a lower price before the end of the year and save a little bit (or convert a few more shares). But maybe it won't come back down to this level, then what do you do?
This is why I don't try to time the market.