In 1998 I rolled a 401(k)into a mutual fund as a traditional IRA. I do not, nor plan to, contribute funds to this acct., as I have a new 401(k)/profit-sharing plan with my current employer. My plan is to just let this small amount of money ($1,400.00) grow until retirement. My question is this: Should I turn this into a Roth and take the tax hit on it now so that I can withdraw it tax-free at retirement? It seems that it would be the wat to go, but any advise would be greatly appreciated.
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra