Hello,So, I hope to be 5-10 years from an early retirement. I will be rolling a significant 401(k) into an IRA shortly. If my total retirement savings amounted to $100, then this IRA would amount to $21 of that.I already have nine accounts at a discount brokerage. One is taxable, two are Roths (I am married), one is inherited and five are various sizes of traditional IRA.Does it matter where I roll this new 401(k) for tax planning purposes? I have smaller and larger IRAs now, and recall something about being able to pick and choose how to manage IRA withdrawals. Still, the sheer number of accounts creates a bit of complexity. I generally understand tax planning, but do not fully understand the implications here.Should there not be a material tax benefit, my intent is to roll this into an existing IRA to reduce the number of accounts I hold.If it matters, this decision is more driven by an interest in mitigating exposure to the S&P 500 through the 401(k) where I dollar cost average into that index than tax issues.Regards,JohnH
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