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Greetings, Goldfinger1, and welcome. You wrote:

<<When some mega group bought out the doctor's office where my wife works, she was informed that the doctor had an annuity in each employee's name. (The new group doesn't intend to play. Surprise - Surprise). So, we have to move those funds somewhere else. It's a little over $2,000, so I was thinking a Roth IRA. We are in our mid-50's. I would like to know if this is a Foolish thing to do? >>

Assuming this money is in a qualified retirement plan and is eligible for transfer to an IRA, then it must first go to a traditional IRA. Once there it can then be further transferred to a Roth IRA. Because it's a rather small amount and the taxes will be negligible, a conversion to a Roth may be beneficial in your case. For some things to consider in that regard, see my analysis on this board in post 1567 at http://boards.fool.com/Message.asp?id=1040013000441002&sort=postdate.

Regards..Pixy
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