Originally Posted by GrayHare
Per another thread, it's even better to convert at market lows.
Given the mention of the "horse race method" of ROTH conversions I was pondering a related scheme:
1. Convert the amount I want to convert this year early in the year.
2. IF the market declines (say by more than a few percent), do another conversion. Later recharacterize old conversion back to tIRA. Each conversion would be into a "fresh" ROTH IRA, which can be consolidated later.
Repeat until year end.
This would allow me to do the ROTH conversion at (roughly) the market low for the year.
Anyone see any issues with this?