There are many pros and cons surrounding your options with rolling over employer-sponsored retirement accounts. Though it can seem overwhelming, we’ll help you work through your options around 401(k) and IRA rollovers, Roth conversions, and pensions so that you can narrow in on your best option in your current market.
Rolling your work-sponsored accounts into a traditional IRA offers opens the door to the benefits of additional investment options, and possibly lower fees than what you may pay in a 401(k) after you leave work for the last time. On the other hand, converting a traditional IRA to a Roth IRA could potentially provide growth and withdrawals in retirement completely tax-free.
Even if you’ve already converted your traditional IRA and discover later that you would have been better off if you hadn’t (considering the income taxes on all earnings and deductible contributions to which traditional IRAs are subject), we’ll walk you through how to convert that IRA into a Roth.
