UnThreaded | Threaded | Whole Thread (3) | Ignore Thread Prev | Next
Author: Camilo Two stars, 250 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75340  
Subject: PLEASE HELP!!!!!!!! Date: 11/18/2001 9:33 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
Hi everyone,

OK, here is my story. I am married and file jointly. In 2002, my wife and I will have a combined income of $165,000. I have a 403B from a previous job. We both contribute to our employer sponsored retirement plans.

Question 1) The only IRA we can each invest in is a nondeductible traditional IRA as I understand it. Is that right?

Question 2) I can roll over my old 403B into a traditional IRA but I can't then convert it to a Roth IRA. Is that right?

Thanks so much in advance.

Camilo

Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (3) | Ignore Thread Prev | Next

Announcements

The Retire Early Home Page
Discussion on accelerating retirement day.
Post of the Day:
Value Hounds

Medallion Financial: TAXI!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
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.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! 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.
Advertisement