The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies


Subject:  Re: Rollover to Roth Date:  2/7/2007  7:17 AM
Author:  TMFPMarti Number:  91814 of 132792

I have about $3600 in a rollover IRA and I'm thinking about converting it to Roth. For tax year 2007, I'll be in the 18% (approx) tax bracket.

What would be the best plan of action for me?

I'm not sure whether you're aksing "How do I?" or "Should I?" Could you elaborate a little?

Also, what if I added an additional $11K from another 401K to the Rollover before converting?

In a year in which you qualify for Roth conversion, you are free to convert as much or as little of your traditional IRA as you like. Thus, it really doesn't matter which accounts you have your traditional funds in.

Copyright 1996-2021 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us