The Roth Segregation Conversion Strategy

The other day in my post on Marotta Asset Management’s posts on Free Money Finance I mentioned a maneuver that could make a person some money that involves converting from traditional to Roth IRAs. It’s a fairly obscure strategy. Google and I were only able to find one other explanation of it, in an article in the Journal of Retirement Planning from 2007. (See page 57.)

So Marotta may deserve credit for introducing this trick to the blogosphere. Of course, last week I said that I thought that Marotta didn’t explain it very well. It seems only sporting that I try explaining it myself. In case it needs to be made clear, I am neither a CPA nor a lawyer, just a sneaky jerk who likes to do things that make him feel clever.

First, a few preliminaries. Traditional IRAs can be converted into Roth IRAs, but a person has to pay tax on the balance that was in the traditional on the day of conversion as if it was income earned in that year. Currently there is an eligibility limit based on income to be allowed to convert, but that limit goes away in 2010.

A person who has converted a traditional to a Roth has the right to "recharacterize", or undo, that conversion any time before the taxes are due. So, if you convert your IRA in January 2010, you can change your mind and call it off on April 15, 2011. (Or even later if you file for an extension.)

You are allowed to convert a single traditional IRA into several Roth accounts and can decide to recharacterize some, all, or none of them.

The trick is that being able to recharacterize is what we finance types call a free option. The Roth isn’t a done deal until you file your tax return the following year, so when you convert all you are really doing is giving yourself the option to make that conversion permanent in the future by paying the taxes on today’s IRA balance.

This means that if a Roth account has gone down in value between the day of of conversion and when the taxes are due, you can undo it and keep from paying taxes on the now smaller account. So if the account was worth $100K when you converted, but has since declined to $75K, you can call off the conversion to avoid paying taxes on $100K. You can then wait a short period and convert all over again. On the flip side, if the account went up to $125K, you can keep the Roth and pay taxes on only $100K.

Recharacterization is a nice benefit of the conversion rules and one that many people who went from traditional to Roth just before the stock market took a dive in 2008 took advantage of in April of 2009.

But the recharacterization rules are also something that can be exploited to turn a tidy profit if you set your mind to it. For illustration, let me give an absurdly extreme example.

Suppose Pete the Plunger has a traditional IRA with $370,000 in it. He converts that to 37 Roth IRAs, each with $10,000. He then visits his favorite high-stakes casino where he bets the entire balance of each Roth on a different number on a single spin of a roulette wheel. (Yes, I know this isn’t a legal use of an IRA. It’s an example. Chill out.) Black 19 comes up, bringing the balance of Roth IRA #19 to $360,000. All the other Roths are, sadly, wiped out. Pete later recharacterizes all those losers back to traditional. Come next April, he pays taxes only on the $10,000 that went into #19, which is a great improvement over paying taxes on the entire $370,000 if he had simply converted his traditional IRA to a Roth in the normal way.

Pretty cool, huh? The problem with executing this strategy in real life is finding investments, or a set of investments, that are legal for an IRA and that behave like a roulette game. Ideally, you would want some collection of investments that behaved such that after a year or so, although you had about the same amount of money overall, one of those investments would likely have vastly outperformed the others. In the most ideal situation, it would be winner-take-all.

I’m having trouble coming up with investments that behave that way. My first impulse is to use a long position in a volatile stock in one account and a counterbalancing short position in the same stock in another, but as far as I know, no broker will allow an IRA to short stock. Or write options. I understand that there are places you can set up "self directed" IRAs that will allow trading in futures, but this is far from a simple undertaking.

Within the realm of ordinary stocks and bonds, the best I can come up with is a pair of long and short ETFs, such as the S&P 500 Spyder (SPY) matched with the ProShares Short S&P 500 fund (SH). If anybody has any better ideas, please leave them in the comments.

Of course, a scheme using a paired ETF means only two Roth accounts and the result is unlikely to be that one account has all the money at the end of the year. If the accounts start out 50/50 and wind up 70/30, you can recharacterize the 30, but you are only saving taxes on the difference between the 50 you put into the winner and the 70 that is in there now.

Both Marotta and the author of the journal article mentioned above have in mind that you will simply segregate the investments you already have in your traditional IRA into separate Roths. So if you have a bond fund, a mid cap growth fund, and an international fund, you will shift them into three different Roths and then recharacterize back anything that happens to go down. While doing this will undoubtedly make you better off than simply converting the whole account in the obvious way, your potential profit is relatively modest. Indeed, depending on how much money is involved, the savings may not justify the paperwork.

Then again, there is that incomparable feeling of being clever. That’s worth something.

Investing, PF Blogs, Taxes | Frank Curmudgeon | June 8, 2009 6:00 am

278 Comments

By ObliviousInvestor, June 8, 2009 @ 8:55 am

Just a reminder: if you use this strategy via a pair (or larger set) of investments for which the gain in one will be offset by a loss in another, then we need to include the opportunity cost of earnings had you invested the money in something else.
By My Journey, June 8, 2009 @ 9:23 am

Your explanation is much better, but the whole process seems extremely advanced for the readers of FMF whose average Retirement balance is probably under $150K?
By Kevin M, June 8, 2009 @ 9:44 am

Good illustration. My guess (as a CPA) as to why we haven’t seen or heard more about this is exactly what you discuss in the fifth to last paragraph – finding investments that would be volatile enough to behave like your roulette example. If someone actually does this and is successful, we may hear about it – otherwise it’s just a scheme.
By GPR, June 8, 2009 @ 1:41 pm

“Then again, there is that incomparable feeling of being clever. That’s worth something.”

Absolutely. But you may have to offset this gain with the fact that your investment professional now hates the sight of you.
By IndependentOperator, June 8, 2009 @ 7:44 pm

Brilliant. Thanks for sharing, Frank.
By Jim, June 9, 2009 @ 3:42 pm

You can’t short stock in an IRA, but you can buy a deep in-the-money put. It’s not quite as efficient as shorting, but under most situations would serve your purpose.
By Frank Curmudgeon, June 9, 2009 @ 6:57 pm

Well that gets the big forehead slap from me. Of course you can buy a pair of in the money options, one a call and one a put, and hope for some volatility. It’s not that cheap, and you are making a bet on volatility, but it’s probably the best we’ve got so far. If it worked quickly enough, you could have 4, 8, or even 16 Roths and run a tournament. Start with 8 accounts owning calls, 8 puts, allow one set to wiped out, repeat using the winners 4 vs. 4, and so on. With luck you might wind up with only one IRA that’s got most of your money inside the 18 months or so you have to pull this off. This could work.

Anybody else got any ideas? Anybody else care?
By Josh, June 29, 2009 @ 5:47 pm

Use binary options, e.g. BVZ or BSZ.
By RightSaidFred, July 1, 2010 @ 9:36 am

Freakin’ brilliant strategy, Frank.

Binary options would be perfect for this. It’s not quite as good as a Roulette wheel in that it’s a 1:2 bet instead of 1:36, so you’d have to carve your IRA into multiple small pieces and run a series of purchases/sales to finally produce a single winning account, but it would get the job done.

Unfortunately, the spreads on those binary options are killer. I checked the CBOE quote page for them this morning, and the bid/ask on a BSZ call one month out is 0.48/0.77. OUCH! A spread that enormous kills all tax advantages.

But there might be a way around this. I don’t know a whole lot about the business of market making and setting bid/ask spreads, so I’m just not certain. So my question is this: Taking the above example of a thinly traded option priced at 0.48/0.77, what happens if I simultaneously, in two separate accounts, issue a buy and a sell order on that option, each priced at a limit of say 0.64? Will the trade be made at 0.64 between my two accounts? Will it fail to go through because the market maker’s B/A spread overrides my actual limit order? Or is there some other likely outcome which would be detrimental to me (e.g., one side of my order being executed and the other not?)
By John, August 22, 2010 @ 4:05 pm

You can easily do this w/ puts. Most IRA’s allow cash covered puts, so you buy an OTM put in one account and write the same instrument in the other. Commissions and the bid-ask spread will cost you some, but they’ll come close to exactly offsetting each other.
By Steve, September 19, 2010 @ 7:58 pm

You could also do a bull or bear put spread.
The trade can be sized to either double in value or lose everything and the other IRA could be set up to do just the opposite. You could do this on any option, including a heavily traded one where the bid/ask spread is small.
By pn, October 5, 2010 @ 3:52 pm

Your description is not entirely accurate. You say:

“If the accounts start out 50/50 and wind up 70/30, you can recharacterize the 30, but you are only saving taxes on the difference between the 50 you put into the winner and the 70 that is in there now.”

The amount of tax “saved” in any year is fixed and is a function of the number of accounts that are winners/losers, not the amount of the winning/losing. For example, say you have $100 cash in your traditional IRA and assume it is all non-deductible. If you convert the IRA into a Roth, you would owe $35 in tax. Instead, you segregate the $100 into two $50 IRAs and convert. IRA 1 goes to $120 and IRA 2 drops to $30. You revoke the conversion on IRA 2. How much tax have you saved? Half your original tax bill. You will still owe $17.50 in tax on the conversion of IRA 1.

If your two assets were perfectly offsetting (IRA 1 went to $100 and IRA 2 went to $0) then you would still have saved only $17.50 – you just wouldn’t have to repeat the strategy to get more of your traditional IRA funds into the Roth.
By Josh, February 28, 2011 @ 10:05 pm

I’ve found an efficient solution to this (a bit late for the 2010 conversion special). Bizzarely enough, futures trading seems to be allowed in IRAs according to private letter ruling 8044023 and brokerages like Think or Swim support it. There is chance the conversion may fail if the market stays flat (I believe it is highly unlikely to do so for the ~22 month period). However, you avoid the ~10% loss on binary option spread.
By Tom, January 22, 2013 @ 9:52 am

You can’t do both sides of a BSZ or BVZ option. The IRS doesn’t allow margin in IRA accounts, and there is no way to cover the write side of a binary option. In any case I haven’t found any brokerages that will even let you trade BSZ and BVZ in the first place in an IRA, not to mention the big bid/ask spreads previously discussed.

However I have found several references online to the fact that you can create a “synthetic binary option” out of regular vanilla options. I just can’t figure out how to do this; I’m not sophisticated enough in options trading to figure it out. Can anyone refer me to somewhere that I can learn how to implement such a strategy?
By slots of fortune, March 20, 2013 @ 10:43 am

Slots of fortune usually takes customer care along with support to
your brand new levels. Whatever you are usually planning to understand describes
a number of the additional bonuses which is available
from slots of fortunes, To help returning this kind of up,
let us take a look at several stuff slots of fortune
offers.
By high noon casino, April 19, 2013 @ 6:06 pm

Sure gambling could be the basic pertaining to all this,
however due to glitz and glamour associated with
Sin city within the sixties, sixties, in addition to
70′s this made a much wider lifestyle than simply a variety of grubby older guys resting close to a shabby desk taking part in high noon casino within
By Casino Online, May 26, 2013 @ 2:56 am

More compact freerolls may have award pools regarding $50,
whilst larger ones have got $1, 000, 000 with prize funds at risk.
Your occasions surrounding this event are getting to be a massive a part
of this kind of extravaganza plus it currently gets the experience of an Super Dish week within Sin city.
By 60 second options, June 29, 2013 @ 10:27 pm

One of the very well-known approaches for dealing
60 second options which is taking the earth by surprise can
be 60 second options nights investing. As possible observe, this is similar to just how different expenditure autos for example stocks
and shares as well as everything usually are exchanged,
but without every one of the potential as well as capricious burning associated with a
lot of these purchases. Commence currently on an further 50% to your
very first down payment. If your market will not go the
right path, you will drop 90% or even more of your preliminary investment decision.
In the usa, monetary signals refer to the healthiness of the us financial system.
By casinos Online, July 4, 2013 @ 10:59 pm

To help earn the actual black color jack port activity you have to Understanding different people as well as his or her bets behaviour is equally as critical.
By 0x68 binary options, May 13, 2021 @ 10:36 pm

Hi there, this weekend is pleasant in favor of me, as this moment i am reading this enormous informative piece of writing here
at my residence.
By binary option, May 14, 2021 @ 11:35 pm

Hello everybody, here every person is sharing such know-how, so it’s nice to
read this weblog, and I used to visit this web site all the time.
By visit homepage, March 10, 2023 @ 9:40 am

I really like it when people get together and share opinions. Great website, keep it up.
By Lawn Mower Repair, March 10, 2023 @ 11:52 am

I am so grateful for your blog post.Really thank you! Much obliged.
By all the web buscador, March 10, 2023 @ 2:10 pm

I enjoy what you guys are usually up too. This type of clevwr work and reporting!Keep up the vetygood works guys I’ve added you guys to my own video.
By 400 Proxies, March 10, 2023 @ 3:36 pm

There is noticeably a bundle to realize about this. I assume you made some good points in features also.
By Small Engine Carburetor Repair, March 10, 2023 @ 7:01 pm

Muchos Gracias for your blog.Thanks Again.
By bath remodel around Ahwatukee, March 11, 2023 @ 2:51 am

Thanks so much for the blog.Much thanks again. Cool.
By SEO seattle, March 11, 2023 @ 6:15 am

A round of applause for your blog article.Really looking forward to read more. Awesome.
By Promotional items with logo, March 11, 2023 @ 8:51 am

I appreciate you sharing this blog.Really thank you! Great.
By dpf cleaning machine, March 11, 2023 @ 12:08 pm

I appreciate you sharing this article post.Really thank you! Great.
By Libianca People Mp3, March 12, 2023 @ 1:26 am

After checking out a handful of the blog posts on your website, I honestly appreciate your way of writing a blog. I saved as a favorite it to my bookmark website list and will be checking back soon. Please check out my website as well and let me know how you feel.
By heating contractor Chester Heights Pennsylvania, March 12, 2023 @ 4:26 am

Fantastic article post.Really looking forward to read more. Much obliged.
By solar power, March 12, 2023 @ 11:42 am

Thanks again for the blog. Awesome.
By Bruna Hermosilla, March 12, 2023 @ 11:59 am

Палма де Майорка е зашеметяваща дестинация за почивка, която предлага по нещо за всеки. Независимо дали търсите страхотни плажове, богата култура, вкусна храна или купонджийски нощен живот, Палма де Майорка предлага всичко това. Не чакайте повече, резервирайте почивката си в Палма де Майорка още днес и изживейте всичко, което този невероятен град може да предложи!
By auto connector, March 12, 2023 @ 6:35 pm

I cannot thank you enough for the blog.Much thanks again. Cool.
By anthony natale Marlton n.j. LinkedIn, March 13, 2023 @ 2:59 am

Really enjoyed this blog article.Really thank you! Awesome.
By N.J., March 13, 2023 @ 8:36 am

Really informative post.Thanks Again. Fantastic.
By New Jersey, March 13, 2023 @ 9:18 am

Thanks for sharing, this is a fantastic blog post.
By https://agents.bankerslife.com/fl/sunrise/1000-sawgrass-corporate-pkwy/michael-mendes, March 13, 2023 @ 2:22 pm

Major thanks for the blog.
By freebies, March 13, 2023 @ 4:54 pm

I do not even know how I ended up here, but I thought thispost was good. I don’t know who you are but certainly you are goingto a famous blogger if you are not already
By Buy 200 Proxies, March 13, 2023 @ 7:39 pm

annual free credit report credit karma uk credit scores online my free credit report annual
By mendes michael facebook, March 13, 2023 @ 9:04 pm

Very informative blog post.Really looking forward to read more. Keep writing.
By septic tank, March 14, 2023 @ 5:15 am

Im thankful for the blog post.Thanks Again. Will read on…
By www.ejfunday.com/orangevale/, March 14, 2023 @ 6:09 am

Real nice design and fantastic content material , nothing at all else we want : D.
By this website, March 14, 2023 @ 7:11 am

whoah this blog is fantastic i really like studying your posts.Keep up the good work! You know, many persons are searching round for this information, you could aidthem greatly.
By den pin sieu sang, March 14, 2023 @ 10:09 am

hydroxychloroquine over the counter chloroquine us
By auto connector, March 14, 2023 @ 11:16 am

Major thankies for the blog post.Really thank you! Awesome.
By SEO NINJAS, March 14, 2023 @ 4:02 pm

I’ll right away take hold of your rss as I can not in finding youre-mail subscription hyperlink or newsletter service. Do you’ve any?Please allow me understand so that I could subscribe.Thanks.Here is my blog – Cara Menang Main Game Xe88
By auto detailing grodzisk mazowiecki, March 14, 2023 @ 6:03 pm

Wow, great article post.Really looking forward to read more. Will read on…
By chelsea flower show tickets, March 14, 2023 @ 6:48 pm

Your style is unique compared to other people I’ve read stuff from.Thank you for posting when you’ve got the opportunity,Guess I will just book mark this blog.
By last night of the proms, March 14, 2023 @ 7:33 pm

Wonderful post but I was wondering if you could write a litte more on this subject?I’d be very thankful if you could elaborate a little bit more.Appreciate it!
By downloadlagump3, March 14, 2023 @ 7:38 pm

This web site definitely has all the info I needed about this subject and didn’t know who to ask.
By ???????, March 14, 2023 @ 11:05 pm

Thanks for the auspicious writeup. It actually used to be a amusement account it.Look complex to more delivered agreeable from you!By the way, how can we keep in touch?
By politics, March 15, 2023 @ 4:27 am

The Brunswick County resident presented one particular of the three winning tickets forthe $564.1 million jackpot, the third-biggest Powerball jackpot ever.my blog post – 파워볼
By https://www.everythingentertainment.com/, March 15, 2023 @ 6:05 am

Hi there, yes this paragraph is in fact fastidious and I havelearned lot of things from it regarding blogging.thanks.
By 먹튀커뮤니티, March 15, 2023 @ 9:06 am

Im thankful for the blog.Really thank you! Want more.
By dumpster rentals, March 15, 2023 @ 1:17 pm

I enjoy reading an article that can make men and women think. Also, thanks for allowing for me to comment!
By 먹튀커뮤니티, March 15, 2023 @ 4:10 pm

Very neat blog article.Much thanks again. Much obliged.
By Hoc lam kem, March 15, 2023 @ 9:28 pm

rolex replica is in fact of proper standard.
By jasa konveksi, March 16, 2023 @ 2:08 am

Tremendous things here. I am very glad to see your article.Thanks a lot and I’m looking ahead to contact you.Will you please drop me a mail?
By https://www.j-b-h-r.com/Quincy/, March 16, 2023 @ 4:38 am

Usually I do not read article on blogs, but I would like to say that this write-up very forced me to try and do so! Your writing style has been surprised me. Thanks, very nice article.
By french open tickets, March 16, 2023 @ 1:27 pm

Hello there! I simply wish to give you a big thumbs up forthe excellent information you have right here on thispost. I’ll be returning to your blog for more soon.
By social networking, March 16, 2023 @ 2:10 pm

Its good as your other articles : D, regards for posting . „The squeaking wheel doesn’t always get the grease. Sometimes it gets replaced.” by Vic Gold.
By oud gebakken klinkers, March 16, 2023 @ 4:24 pm

I think this is a real great blog post.Really looking forward to read more. Cool.
By DIY art and craft classes in Johor, March 16, 2023 @ 6:18 pm

Integrate our sports widget into your digital platform rapidly and reliably.
By 더블찬스, March 16, 2023 @ 9:40 pm

He is a reassuring man to an old man. He is a reliable man to a friend. In a child or young person, you have to be a person who follows that person.
By chord gitar komang raim laode, March 16, 2023 @ 11:36 pm

After looking at a number of the articles on your website, I honestly like your technique of writing a blog. I book-marked it to my bookmark website list and will be checking back soon. Take a look at my web site as well and tell me your opinion.
By Lianne David, March 16, 2023 @ 11:41 pm

I enjoy reading an article that will make people think. Also, thanks for permitting me to comment!
By Jump Around Rentals, March 17, 2023 @ 5:21 am

This particular blog is no doubt cool and besides factual. I have chosen a bunch of helpful tips out of this source. I ad love to return over and over again. Thanks a lot!
By this website, March 17, 2023 @ 9:00 am

ed edd eddie pillar men – front line health ed when pills and shots don’t help top male ed pills
By download mp3 free, March 17, 2023 @ 1:38 pm

I love reading through a post that can make people think. Also, thanks for allowing me to comment.
By Multilingual instructors for culinary and hospitality courses in Malaysia, March 17, 2023 @ 3:27 pm

Amazing. Guru. You’re some sort of professional. Say thanks to you.
By Justine Adam, March 17, 2023 @ 8:53 pm

I really liked your blog.Really thank you! Awesome.
By Burdine Hall, March 18, 2023 @ 2:24 am

great put up, very informative. I ponder why the other experts of this sector do not realize this.You must continue your writing. I’m confident, you have a great readers’ base already!
By slot gacor, March 19, 2023 @ 4:39 am

I cannot thank you enough for the article post.Much thanks again. Awesome.
By Cua nhua gia re, March 19, 2023 @ 1:58 pm

It¡¦s really a nice and useful piece of information. I¡¦m satisfied that you shared this useful information with us. Please keep us up to date like this. Thank you for sharing.
By ???????, March 19, 2023 @ 4:06 pm

flagyl dosing kids iv flagyl rate metronidazole antibiotic class
By Edith Richardson, March 20, 2023 @ 1:38 am

Looking forward to reading more. Great article post.Much thanks again. Really Cool.Loading…
By water slide rentals Wentzville MO, March 20, 2023 @ 5:09 am

I appreciate you sharing this blog.Really looking forward to read more.
By weight loss meal delivery, March 20, 2023 @ 5:11 am

Thanks so much for the post.Really thank you! Really Cool.
By diet meal delivery, March 20, 2023 @ 11:17 am

cock fighting- World’s Top Online Casinos, new user welfare register bonus 66₱, daily Betting Rebate 2. fast withdraw, good bonus, variety of games, World brand is trustworthy. Slot games, Card games , Live Casino, Animals(Cockfight games), fishing.
By partyrentaltx.com, March 20, 2023 @ 3:02 pm

You could certainly see your enthusiasm within the work you write. The world hopes for even more passionate writers like you who are not afraid to mention how they believe. Always follow your heart.
By visit website, March 20, 2023 @ 3:21 pm

hydroxychloroquine coronavirus hydroxychloroquine sulfate tablets
By Tubidy, March 20, 2023 @ 3:42 pm

Right here is the right webpage for everyone who would like to understand this topic. You know a whole lot its almost hard to argue with you (not that I really will need to…HaHa). You certainly put a fresh spin on a subject that has been discussed for decades. Great stuff, just great.
By Bokep Indonesia, March 20, 2023 @ 8:24 pm

tamoxifen alternatives premenopausal tamoxifen – tamoxifen dosage
By Pamela Gordon, March 21, 2023 @ 1:45 am

Great, thanks for sharing this blog post.Much thanks again. Great.
By 먹튀검증, March 21, 2023 @ 2:47 am

http://ditu.google.com/url?q=https://muktbrk.com/
By Jocelyn Griffiths, March 21, 2023 @ 5:11 am

Really informative blog.Thanks Again. Really Great.
By EPR Events Temecula, CA, March 21, 2023 @ 8:16 am
By Philippa Read, March 21, 2023 @ 1:42 pm

Its hard to find good help I am regularly proclaiming that its difficult to find good help, but here is
By tubidy, March 21, 2023 @ 1:48 pm

Way cool! Some very valid points! I appreciate you writing this post and also the rest of the site is really good.
By Cheap contact lenses in Singapore, March 21, 2023 @ 3:06 pm

Thanks , I’ve just been looking for info about this subject for a long time and yours is the greatest I’ve came upon so far.But, what concerning the conclusion? Are you positive about the supply?
By Julia Payne, March 21, 2023 @ 8:39 pm

editing services onlinepay someone to write a paper
By Sidney Harris, March 21, 2023 @ 10:05 pm

Amazing! Its truly remarkable piece of writing, I have got much clear idea about from this piece of writing.
By 겜블시티, March 22, 2023 @ 5:47 am

http://asiamom.dothome.co.kr/xe/board_Mnzu57/105476
By party rentals La Verne, March 22, 2023 @ 6:35 am

Thanks for every other excellent post. The place else may just anybody get that kindof information in such an ideal approach of writing? I have a presentation nextweek, and I’m on the look for such information.
By weight loss meal delivery, March 22, 2023 @ 11:26 am

Everyone loves it whenever people get together and share thoughts. Great blog, continue the good work!|
By Chong muoi dot, March 22, 2023 @ 11:31 am

Fantasy sports are cool, but shouldn’t competitors be basedon reality?
By tubidy, March 22, 2023 @ 12:40 pm

Good write-up. I absolutely love this website. Continue the good work!
By weight loss meal delivery, March 22, 2023 @ 3:05 pm

I love what you guys are usually up too. This kind of clever work and exposure! Keep up the wonderful works guys I’ve incorporated you guys to blogroll.|
By cleaners cardiff, March 22, 2023 @ 4:58 pm

bingo- World’s Top Online Casinos, new user welfare register bonus 66₱, daily Betting Rebate 2. fast withdraw, good bonus, variety of games, World brand is trustworthy. Slot games, Card games , Live Casino, Animals(Cockfight games), fishing.
By Plastic Water Bottle, March 22, 2023 @ 6:55 pm

Thanks again for the blog article.Really thank you! Want more.
By sua macbook uy tin, March 22, 2023 @ 7:16 pm

Very interesting to read youGood luck to you
By Jemma O neill, March 23, 2023 @ 1:33 am

uk pharmacy impotence online pharmacy canada