08-26-2021, 10:34 PM
Thanks for all of the thoughtful comments. Yes, if I go for Roth, it would definitely be a taxable event, and I fear not a small one. But I don't know for sure (that'll be one of the first questions for my accountant), and even if it is, it may still be a clearly better choice for the additional flexibility you describe. (And depending on the comparison with going the traditional route and paying the taxes later -- under very hard to predict circumstances.)
I do have an existing Roth IRA, but I've never been able to accumulate a lot of assets in it because I wasn't able to contribute to it for a lot of years. I do like the idea of having a good balance of the different vehicles so as to maximize options and flexibility when it comes time for withdrawals.
It will be a few weeks, at least, before I can get this addressed with the accountant, but I'll let you know what advice I get!
I do have an existing Roth IRA, but I've never been able to accumulate a lot of assets in it because I wasn't able to contribute to it for a lot of years. I do like the idea of having a good balance of the different vehicles so as to maximize options and flexibility when it comes time for withdrawals.
It will be a few weeks, at least, before I can get this addressed with the accountant, but I'll let you know what advice I get!