08-28-2021, 09:49 PM
personally, imho, i would only transfer money from a tax deferred ira or kplan to a roth only if i could pay the tax bill out of my pocket--i wouldn't want to use retirement dollars to be used to pay taxes for the conversion--just the way i feel about it on a personal level--if i was considering the move myself--i'd rather keep those dollars invested then give them to the tax man--money good even if tax deferred tax man always bad--never good--bad tax man, very bad man as in not good lol
i'm also a big supporter on having many vehicles at disposal
i've been fully funding a ROTH since 1998--all except one year--2004 was a tough one for me
every so often i'll do a fund to fund transfer when the sum is right--it's a kplan to traditional ira
so...i have
two brokerage accounts
two rollover traditional ira's
one roth
one 401kplan
one 403bplan
one inherited traditional ira
i'm also a big supporter on having many vehicles at disposal
i've been fully funding a ROTH since 1998--all except one year--2004 was a tough one for me
every so often i'll do a fund to fund transfer when the sum is right--it's a kplan to traditional ira
so...i have
two brokerage accounts
two rollover traditional ira's
one roth
one 401kplan
one 403bplan
one inherited traditional ira