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Re: 401(k) to Roth IRA conversion questions

Sorry for the confusion. My MAGI is $192K. Therefore, I don't believe I can make Roth contributions without using the "backdoor" method that I described in my initial post. You are correct that I'm in the 28% bracket. The only good news is that I'm in a state with no income state. Just to ...
by bluewater
Thu Dec 27, 2012 1:46 am
 
Forum: Investing - Help with Personal Investments
Topic: 401(k) to Roth IRA conversion questions
Replies: 7
Views: 719

Re: 401(k) to Roth IRA conversion questions

Thanks for the response. The problem with my former employer's plan is that it charges former employees $160 dollars per year for maintenance fees. I suppose I could roll over the 401k to my new employer's plan however, I would like to diversify investments by having both pre-tax and after-tax accou...
by bluewater
Wed Dec 26, 2012 9:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: 401(k) to Roth IRA conversion questions
Replies: 7
Views: 719

401(k) to Roth IRA conversion questions

I am a 30 year old beginning investor who is trying to make sense of my retirement planning options. I currently have $34,000 in an employer-sponsored 401(k), and have no other IRAs or retirement accounts. I am switching jobs at the end of the year, and am deciding whether the convert the 401(k) int...
by bluewater
Wed Dec 26, 2012 8:44 pm
 
Forum: Investing - Help with Personal Investments
Topic: 401(k) to Roth IRA conversion questions
Replies: 7
Views: 719

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