08-26-2021, 09:12 AM
One nice thing about leaving my job is that I can now roll my 401(k) over. All of that money has been confined to mutual funds, but now I’ll be able to put it wherever I want.
First I have to decide whether to roll it into a Roth or Traditional IRA. I plan to sit down with my accountant to see if one or the other makes more sense, but it seems to involve so many guesses – about how long until I might withdraw, about what direction tax rates might go, what my level of income and tax rates might be 15 years from now, etc. etc.
I’d appreciate any advice about how to make the decision, or simplify it, or get comfortable that it really is just a guess.
Thanks!
First I have to decide whether to roll it into a Roth or Traditional IRA. I plan to sit down with my accountant to see if one or the other makes more sense, but it seems to involve so many guesses – about how long until I might withdraw, about what direction tax rates might go, what my level of income and tax rates might be 15 years from now, etc. etc.
I’d appreciate any advice about how to make the decision, or simplify it, or get comfortable that it really is just a guess.
Thanks!