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Hello! I have a family member who has a sizable IRA with 3-4 Class B mutual Funds and a couple of stocks or so. She has not been Fooloish with her account of 15 years and thus has shown below par performance. I suggested that she transfer her entire account to a no-load brokerage account and diversify her $$ there rather than stay with underperforming funds and back-end loads to boot. She has approx. 10-15 years to retirement. I want to see better performance(of course) and am considering a conversion to Roth.

What are my best options here? How would a conversion to Roth be a benefit?(if at all) Any ideas on allocation. How would the transfer take place? Would she have to pay taxes up front on the sold funds and also pay the back-end loads? Please Help...I hate to see a family member so un-Foolish. Thanks.

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