Trad IRA + 401k = Nope. Solution? Hi everyone,
Retirement n00b here. Thanks in advance for any help. I've called friends and talked to a few retirement professionals without any real solution yet.
I started a Traditional IRA in the 2014 tax year. I've contributed $2200. My company just started 401(k) matching, so I'll obviously want to take advantage of that during this same tax year. My income is between 60 and 70k, but it might jump above that this year. Let's plan for that.
What's the cheapest and easiest way for me to proceed here? Should I move the money into a Roth IRA? Can I just leave it there? Am I going to be taxed a bunch at the end of the year?
Again, thanks all.
-Gorp |