UnThreaded | Threaded | Whole Thread (17) | Ignore Thread Prev | Next
Author: EditorialWe Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75523  
Subject: Re: Still don't know whether to convert to Roth Date: 6/6/2000 3:42 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
Thanks all for the thoughts. I had no idea I could do the conversion "a piece at a time" - I will have to call T. Rowe Price and ask them if I could do this. Thanks for the suggestion. I presume it would have to be one chunk per year, and not oftener?

I am 31, in the 28% bracket, and with no idea whether I will be wealthier or poorer in the future. I'm in the publishing business, so great wealth seems unlikely (unless I go work for a dot.com that hits the big time, or win the lottery or Megabucks slots in Vegas, or....don't worry, slot machines are not part of my retirement strategy.) My time till retirement is quite long. The $1700 in taxes would come out of my cash on hand, not out of the IRA itself; but it's money I would miss, as I am trying to grow a little nest egg for emergencies and future house downpayment.

(I'm aware I could withdraw from a Roth for first-time home purchase if the money's been in there at least 5 years, but I don't think that is the strategy I will pursue.)
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (17) | Ignore Thread Prev | Next

Announcements

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

Brookfield Asset Management
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