Quote:
Originally Posted by MikeWaters
my financial adviser dude told me I should take my last job's IRA and roll it over into a Roth. Since presumably this is the last year I can make a contribution to a Roth.
Of course I will take a tax hit by doing so. But he says overall this is the best move. We are talking about $14k (total IRA amount).
What do you guys think?
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Do you mean roll a 401K to a Roth?
You have to look at your tax bracket now compared to what it will be when you retire. For me, with kids and a big mortgage, my tax bracket is low and with any luck when I retire it will be high. So for me, it would probably be right to move it to Roth.