The Motley Fool Discussion Boards

Previous Page

Investing/Strategies / Retirement Investing


Subject:  Re: Roth 401k vs. Traditional 401k Date:  9/29/2012  8:24 AM
Author:  2gifts Number:  70993 of 88498

I am probably in that same "tax bracket" but there's a way around that. You put it into a standard IRA, then roll it into the ROTH. My Edward Jones person does it for me every year. I get no tax break for the standard IRA doing this, but I do get to ROTH invest. Here's a news article about it.

But the big caveat is that this changes a lot when you have other traditional IRA money. We never did the conversion as it did not make sense for us given our particulars and how much money we have in other IRA vehicles.

Thanks for the suggestion, but we are in that exception area since we do have traditional IRAs already.
Copyright 1996-2018 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us