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Author: SDTrond Two stars, 250 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121317  
Subject: Re: Roth Conversion Date: 10/29/2005 1:45 PM
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Just a couple of notes:

Comment was made that the OP made a mistake to have the account in a stock brokerage. Advice was to place all money within the account in a index mutual fund and "don't mess with it until 5-7 years away from retirement".

Now that he/she is lurking and reading the Fool, I don't think having $ available within a stock brokerage account is a bad thing at all. Especially within an IRA where they won't touch it. :-) People usually do want to take their own fate in their own hands.
Also, after several years of contributions to that (eventual) Roth IRA, there will be considerably more than the $1400. If they do wish to pursue mutual funds as their primary method of investing for their retirement, minimums will not be a problem.
Finally, why the huge criticism of the analysis of Traditional/Roth IRAs? The math is easy, and given the presumption that one will place 6-10% of income into 401(k)s or IRAs over the OP's (at 29 years old) working career, they will certainly be in a place where a Roth will be better than a Traditional.

Regards,
Trond
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