No. of Recommendations: 0
Many thanks for your responses, Ted and Pixy! They were very helpful and clear. 100% of the funds in my new custodial traditional IRA are from the 403b rollover. And, no, I haven't made any contributions to an IRA for 1998 as I wanted to first stabilize my budget around a decision I made to make the maximum allowable contribution to a 401K. It seems so "simple" now that I understand. That is, the issue of rolling some of the new traditional IRA funds over into a Roth is "an apple"; and whether or not I make a $2,000 contribution to a Roth for 1998 and 1999 is "an orange". In theory, I have the option to do either, neither, or both. More to think about. The tax rate information should have been obvious to me, but oh well, a brain can skip a few beats every now and then (at least mine can). That (the tax rate issue) will probably sway me in the direction of starting my Roth with current salary funds, beginning in 1999. Every once in awhile I have to "pull in the reins", take a deep breath, and remind myself I'll "get there", and probably in better shape if I take my time and pace this financial reconstructive process. Thanks again.
Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.