No. of Recommendations: 0
I know very litle about this, but I am
in the process of rolling over a 403B
to a regular IRA. My first choice was a
Roth but when I was told that I would
lose about 30% of the money in taxes,
transfering funds from a tax deferred
(403B, or 401K) to a nontax deferred
Roth IRA. I opted for a regular IRA,
where I could invest 100% of the money
in a tax sheltered stocks portfolio of
Foolish four picks. I'd rather pay
Uncle Sugar when I take it out in 15 to
20years, so I can use that thirty
something percent now to increase the
innitial investment in the Foolish four
portfolio. But hang in there, people who
really know what they're talking about
will be along pretty soon to give you
their views, and to explain why I'm wrong.
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