Best to ask Fidelity. Each institution is different if they allow in kind transfers and when. Since it is a conversion you will pay taxes of course. If it was me I would have done this conversion no matter what so you can backdoor future roth ira without an issue of that 10k sitting in your traditional ira.samsdad wrote: ↑Sat Feb 09, 2019 7:50 pm This may be the dumbest question on the thread, but I just wanted to confirm what I’ve read elsewhere on bogleheads:
Is it true that I can do an in-kind conversion of the traditional Ira (about $10k) I have in Fidelity that’s holding these ETF funds to an as-of-now-non-existent Roth also in Fidelity?
I have $5k in this project so far, and am strongly considering bumping it to $10k. Would it be better to wait to purchase the additional $5k worth before or after the conversion?
p.s. Best advice I had recent on this site is to make sure your traditional IRA is zero at the end of every year for purposes of backdoor roth ira.