The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies

URL:  http://boards.fool.com/should-i-convert-29368785.aspx

Subject:  Should I Convert? Date:  6/19/2011  11:28 AM
Author:  edyboom223 Number:  113528 of 121335

Here's my situation:

I am 27.

I have a Traditional IRA with about $3,000.

I have a Roth IRA with about $42,000.

I have read that it's good to have tax diversification, and this makes me think it's safe to have 2 accounts. However, I believe the Roth is superior to the Traditional IRA, so I feel that I should convert. What do you think? Thanks in advance for any feedback.

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