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Financial Planning / Foolish 401(k)s
|Subject: Re: 55 year old rule||Date: 6/12/2013 6:54 PM|
|Author: whyohwhyoh||Number: 25059 of 25869|
Very useful info. Thank you very much.
I went and took a look at that small rollover IRA which started at $12,000 in 2003 is now $36,500, so gains would be decimated by a hefty fed+CA tax rate.
Maybe this is why my brain locked out the backdoor Roth option.
I'm going to look into the option to roll this into my 401k account. I have a very good 401k account since 1997 at my current company. Same account number, low cost stock trading, and mutual funds etc.
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