I opened a traditional IRA account at Vanguard, placed $5500 into it yesterday and then converted it to a Roth IRA today.
When I did the conversion, the traditional IRA account had $5500.05 in it because of a dividend that was reinvested in the account but I only moved the $5500.
What will happen to the $0.05 in the traditional IRA account? Will having 5 cents in the traditional IRA have the essentially the same impact as having 0 cents because $5500/$5500.05 is essentially the same number as $5500? Should I have moved the 5 cents over with the rest of the $5500? Should I do that now?
When I did the conversion, the traditional IRA account had $5500.05 in it because of a dividend that was reinvested in the account but I only moved the $5500.
What will happen to the $0.05 in the traditional IRA account? Will having 5 cents in the traditional IRA have the essentially the same impact as having 0 cents because $5500/$5500.05 is essentially the same number as $5500? Should I have moved the 5 cents over with the rest of the $5500? Should I do that now?
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