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Investing/Strategies / Retirement Investing
|Subject: 401k distribution||Date: 1/8/2004 11:22 AM|
|Author: baldguy13||Number: 38413 of 83106|
Okay. I'm leaving my job in the next few weeks and I have a 401k with about $30,000 in it. I want to put it in an IRA, so I have more investment choices, but I'm not sure if I should pay the taxes and do the Roth or if I should go with a traditional IRA.
I'm 34 years old, plan on working for as long as I can (30+ years), and will probably be in a lower tax bracket in '04 than I was in '03 (or maybe '05)!
Also, I understand I need to put it in an IRA, then go Roth. This would avoid the 10% early withdrawal. How long does it have to be in an IRA before I can make that conversion?
BTW, any suggestions on who I should do the IRA through?
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