If you were planning on executing a Roth conversion today for a client, WAIT. Read this first...

On a day like today where the market is mostly negative, here’s how you can add extra value with Roth conversion execution:

First, and maybe this goes without saying...ALWAYS convert shares in-kind through a journal rather than selling to cash and being out of the market for a day.

Most people don't know this, BUT...when converting with in-kind MUTUAL FUND shares during the trading day, you get yesterday’s close as the conversion price. This creates a free, but valuable "option" for conversions.

Wait until later in the day and watch a benchmark equivalent’s price action. If the fund is likely to close negative, wait until the next day to convert because you’ll be able to convert more shares at a lower price. (since you always get YESTERDAY's close price.)

Repeat until a day when the fund looks like it will close positive, and then execute the in-kind conversion.

I was going to convert a massive $700k of a Small Value mutual fund for a client today, but by waiting until the next trading day, it will likely add 1.5% of value if that position closes down 1.5% today.

You're welcome.