Which IRA?

nicolefurlan

Hey everyone. I am 28 years old, and I just switched jobs, and my new job has no retirement program. I converted the 401k from my previous job to an IRA - part of it is in traditional (~$38,000) and part of it is in Roth (~$3,000). I was told (by a Fidelity rep) that I should probably convert my traditional portion to Roth (is that accurate?).


Can anyone tell me:

• How much will converting to a Roth save or cost me over the long-run?
• How much should I convert and when? My husband and I make around ~$125k annually.
• From this point on, should I contribute to the traditional IRA or the Roth IRA?

Thank you!

[Deleted User]

This website is primarily aimed at the UK, you'll have a hard time getting advice here for US retirement accounts. Sorry

ffacoffipawb

nicolefurlan wrote: »

Hey everyone. I am 28 years old, and I just switched jobs, and my new job has no retirement program. I converted the 401k from my previous job to an IRA - part of it is in traditional (~$38,000) and part of it is in Roth (~$3,000). I was told (by a Fidelity rep) that I should probably convert my traditional portion to Roth (is that accurate?).


Can anyone tell me:

• How much will converting to a Roth save or cost me over the long-run?
• How much should I convert and when? My husband and I make around ~$125k annually.
• From this point on, should I contribute to the traditional IRA or the Roth IRA?

Thank you!

WE only have Real IRA, Continuity IRA or Provisional IRA here.

totes32

ffacoffipawb wrote: »

WE only have Real IRA, Continuity IRA or Provisional IRA here.

You forgot the Official IRA and I Can't Believe it's not the IRA which is a break away from butter.

grey_gym_sock

1 site where they do know about IRAs is http://www.bogleheads.org/forum/index.php