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Bollweevil
Join Date: Dec 2003
Location: Fulshear, Texanistan
Posts: 3,363
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I have a traditional IRA but am converting part of it to a Roth every year with the intention of having about 50% traditional and 50% Roth. There are tax advantages to a Roth when you retire and start drawing SS, there are no minimum distributions, and you shrink your taxable estate.
However, as 71T pointed out, no one knows what the future holds and congress can change the rules at any time and they have done so in the past. Having funds in both is hopefully a hedge against rule changes.
There is a lot of information available on line about the pros/cons of Roth vs. traditional IRA's. Which is best depends on your individual circumstances.
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Jack
74 911 Coupe
2.7L - K21 Option - S suspension
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