The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies

URL:  http://boards.fool.com/do-you-have-another-tax-deferred-account-such-as-a-29369031.aspx

Subject:  Re: Should I Convert? Date:  6/19/2011  2:26 PM
Author:  CABob Number:  113534 of 120797

Do you have another tax deferred account such as a 401k or do you expect to have one in the future? Are you currently contributing to the IRA?
I think that it is desireable at time of retirement or withdrawal to have a mixture of accounts (tax deferred, tax free, and taxable) so you can tax manage your withdrawals to an extent.
If the $3K IRA is currently stagnant I would be inclined to convert unless there are other factors.

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