Backdoor ROTH [When is trade executed?]

Have a question about your personal investments? No matter how simple or complex, you can ask it here.
xram
Posts: 780
Joined: Sat Sep 15, 2012 11:36 am

Backdoor ROTH [When is trade executed?]

Postby xram » Fri Feb 08, 2013 7:45 pm

Did backdoor roth conversion (to total bond) during the day (9 am) today.

I get the price at the end of the trading day today, correct?

Thanks
VTI, VBR, VTWV, SCHH, VXUS, VEA, VWO, VSS, FM, VNQI, VBTLX, VFITX, SCHP, VWITX, IBONDS, EEBONDS, EF(EverBank), UTAH-529

User avatar
mhc
Posts: 2843
Joined: Mon Apr 04, 2011 10:18 pm
Location: NoCo

Re: Backdoor ROTH [When is trade executed?]

Postby mhc » Fri Feb 08, 2013 11:51 pm

Mutual funds are priced at the close of the market. If the order went in before the end of the day, you should get the closing price today.

Default User BR
Posts: 7501
Joined: Mon Dec 17, 2007 7:32 pm

Re: Backdoor ROTH [When is trade executed?]

Postby Default User BR » Sat Feb 09, 2013 10:52 am

You would need to check with your custodian. It sounds like you did a conversion and purchase at the same time (I'm guessing Vanguard). There might be some delay associated with the conversion aspect, or perhaps not.


Brian

livesoft
Posts: 40803
Joined: Thu Mar 01, 2007 8:00 pm

Re: Backdoor ROTH [When is trade executed?]

Postby livesoft » Sat Feb 09, 2013 10:57 am

xram wrote:Did backdoor roth conversion (to total bond) during the day (9 am) today.

I get the price at the end of the trading day today, correct?

Thanks

You wrote "total bond", but did not specify if you meant BND, VBMFX, SWBLX, another ETF or what. Also, you did not specify your time zone. At 9 am eastern, the stock market was not open, but at 9 am pacific it was.

Anyways, it is now Saturday, so you can tell us the answer by looking at your account history. What happened?
This signature message sponsored by sscritic: Learn to fish.

xram
Posts: 780
Joined: Sat Sep 15, 2012 11:36 am

Re: Backdoor ROTH [When is trade executed?]

Postby xram » Sat Feb 09, 2013 6:43 pm

livesoft wrote:
xram wrote:Did backdoor roth conversion (to total bond) during the day (9 am) today.

I get the price at the end of the trading day today, correct?

Thanks

You wrote "total bond", but did not specify if you meant BND, VBMFX, SWBLX, another ETF or what. Also, you did not specify your time zone. At 9 am eastern, the stock market was not open, but at 9 am pacific it was.

Anyways, it is now Saturday, so you can tell us the answer by looking at your account history. What happened?


Opened the trad IRA couple days before

Did the "exchange" from trad Ira (money market) to Roth Ira (vbmfx admiral) as described in original post....

Update: the exchange went through after the market closed on the same day I did the backdoor exchange.

Central time zone.

Thanks
VTI, VBR, VTWV, SCHH, VXUS, VEA, VWO, VSS, FM, VNQI, VBTLX, VFITX, SCHP, VWITX, IBONDS, EEBONDS, EF(EverBank), UTAH-529


Return to “Investing - Help with Personal Investments”

Who is online

Users browsing this forum: gebo and 21 guests