- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
What to do with my old traditional 401k?
Posted on 4/24/15 at 11:48 am
Posted on 4/24/15 at 11:48 am
I currently have a roth 401k through my employer and a roth IRA on my own.
The old 401k is just sitting there. No contributions are going to it.
Is moving it to a traditional IRA the best route?
Or should I take the tax hit now and move it into my roth IRA?
The old 401k is just sitting there. No contributions are going to it.
Is moving it to a traditional IRA the best route?
Or should I take the tax hit now and move it into my roth IRA?
Posted on 4/24/15 at 11:53 am to Salmon
quote:
Is moving it to a traditional IRA the best route?
Yes. That's your best option.
Posted on 4/24/15 at 1:03 pm to Salmon
Keep it on there for now, then backdoor roth it later in a year when you expect a dip in income (if you think that's a good possibility).
If not take the tax hit and backdoor roth it now, but better know (at least a range) of what the tax amount will come out to, so you're not unprepared come tax season.
If not take the tax hit and backdoor roth it now, but better know (at least a range) of what the tax amount will come out to, so you're not unprepared come tax season.
Posted on 4/24/15 at 2:37 pm to Salmon
Are you saying that you have two accounts or three? Do you have a Roth 401k with your current employer and a traditional 401k from a previous job in addition to your Roth IRA?
Popular
Back to top
Follow TigerDroppings for LSU Football News