swakyaby
Thinks s/he gets paid by the post
.
Since I can only pick shares, if I'm shooting for a specific dollar amount and the market moves much that day, I may miss my target. This is why I will start with a conversion some 10-20% below my target, then do another and possibly a third to get close to my dollar target.
When doing a Roth IRA conversion in my Fidelity account, I have found it was much simpler than that. If you place the conversion order after the market closes for the day but no later than 2 hours after the market closes, you will know the exact share price and it’s clearly indicated in your Fidelity order screen. If you divide the desired dollar amount by the share price, you get the exact number of shares to convert. There’s no guesswork required. But if you place your order outside of that 2-hour window, then my Fidelity rep says you will receive the next day’s share price and cannot make an exact calculation.