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Originally Posted by MikeWaters
My financial advisor tells me that I should roll over my 401k and my 403b as well as my SEP into a conversion Roth IRA this year. He says this is permissible as long as you make less than 100k/yr. He says that this would be by far the best thing (despite the tax penalty of converting it to Roth).
What do you guys think?
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I think this would be a really bad idea. Roth rhymes with Thoth, Hoth, and moth. So it pretty much goes without saying that unless you are interested in false gods, frozen planets or wool-eating larvae, you should keep your money in safe mixes of letters and numerals.
Just my two cents.