The Motley Fool Discussion Boards

Previous Page

Investing/Strategies / Retirement Investing

URL:  http://boards.fool.com/question-for-tmfpixie-10473692.aspx

Subject:  Question for TMFPixie Date:  12/20/1998  9:07 AM
Author:  FoolMeOnce Number:  7376 of 75873

I am wrestling with the decision to preserve my options by converting an existing regular IRA to Roth. The regular IRA includes both taxed and untaxed contributions. In addition, I am a federal civil servant with the Government's equivalent of a 401K (referred to as Thrift Savings Plan) This vehicle has limited investment options consisting of an S&P500 index fund, bond fund or money market fund.

My original longstanding plan upon retirement was to rollover the proceeds from the Government 401K into my regular IRA to provide greater flexibility of investment options including investment in individual equities. My research indicates that if I convert to a Roth, that a rollover of the Thrift Savings Plan funds would NOT be permitted. If I decide that the Roth conversion makes sense can an additional regular IRA be established to receive the proceeds of a rollover from my Government plan?

Regards,
Gary Haga
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us