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Author: hondochica Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121097  
Subject: tax advantages to rolling-over? Date: 10/8/2012 2:31 PM
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Greetings fools;

I have heard that there are tax advantages for rollovers that will be ending this year. don't know what they are - am not terribly investment/tax savy . .

My question: should I convert/rollover any or all of these to an IRA (presumably ROTH) this year? I'm 50 y/o; expect to work many years yet!
(is there another board I should post this at? foolish 401ks??)

Here's what I got:

an ESOP directed account with a former employer: @ $5900 vested balance; now all cash no stock; 3 fund options - good returns low expenses

a 401k savings with the same former employer: @ $5600 vested; several fund options - different classes, good returns low to mod expenses - none above 1.23%

an inherited IRA worth @ $6000; first acquired this year; first RMD will be Nov 2012. Need to move this to another brokerage or rollover or something - do not like fees at Prudential. I realize if I 'roll' this it will be a 'distribution' (?) with taxes paid in full now. I expect that my tax bracket at retirement will be near what it is this year - low.

an old Traditional IRA - $4000 -

I am self employed; also have an HSA (if that matters but I doubt it) and a SEP, and a Roth IRA. I expect to earn no more than @ $30k gross this year - after all personal/bus deductions - probably @ $20k net? Very low tax bracket! I expect next year's income to be significantly more: >$60k + ?? maybe $80K?

Your thoughts??

Thanks in advance

Kelly
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