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Bollweevil
Join Date: Dec 2003
Location: Fulshear, Texanistan
Posts: 3,363
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Depending on individual circumstances, converting a Traditional/Rollover IRA to a Roth IRA can be a good move. I started converting part of my Rollover IRA to Roth in 2010 or 2011 (whichever year it was they removed the income limits) and converted some every year until I had to start RMD's last year.
My only regret is that I didn't convert more than I did.
As to financial advisors, I agree with most of the above posts. However all my Roth conversions were done via Vanguard accounts and they were no fees in the mix. Just move X$$ from Vanguard IRA fund A to Vanguard IRA fund A in the Roth IRA and have the income tax withheld and it is done and my tax bracket isn't any lower now than it was then.
As I said above, individual circumstances may make it a bad idea or a good idea to convert but you definitely have to look at several angles as it isn't cut and dried..
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Jack
74 911 Coupe
2.7L - K21 Option - S suspension
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