Want to convert traditional ira to roth Hi there,
I am primarily looking for advice. I am currently 27 years old and have around 28k in traditional ira that i recently converted from one of my 401k funds. But now I am strongly considering converting all of it to roth and paying all the taxes in one year. I am in a 25% bracket and i think the tax comes out to around 7k, I am thinking that in the long run i will make more money with growth by paying the 7k now on this amount as opposed to when it grows. Any advice is appreciated.
Thanks |