Author Topic: When to rollover 457 and traditional ira to Roth ira  (Read 1523 times)

HappyPlace333

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When to rollover 457 and traditional ira to Roth ira
« on: January 10, 2020, 07:33:03 PM »
Current Situation:

Pension with COL increases 125,000 yr
Second Career $180,000 yr
Age 55, married, no debt

$300,000 457b -available now without penalty but must pay taxes when I take it out
$250,000 Non-retirement accounts Vanguard-after tax investments
$120,000 Ira Rollover Vanguard (spouse/myself)
$20,000 Roth IRAs
$50,000 Cash


When should I start rolling over Traditional Ira to Roth Ira?

When I take out my 457 money:
1. Should I roll 457 over to Traditional IRA or take it out and invest it after paying taxes on it. (or)
2. Roll it over to Roth IRA when I stop working at my second career?  My tax bracket will be lower-obviously


gocurrycracker

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Re: When to rollover 457 and traditional ira to Roth ira
« Reply #1 on: January 10, 2020, 10:45:17 PM »
#2 probably, and not all in one tax year, and then only if you can do it at a lower marginal tax rate than would be required at peak RMD
https://www.gocurrycracker.com/reader-financial-review-scared-death-early-retirement/