My dad opened a traditional IRA I don't know how many years ago - way before I started working. When I started working I put in $5500 every year. When I got married we opened a Roth for my husband. I met with a financial advisor for free through my job and for some reason my main takeaway from that meeting was that I should convert my traditional to a Roth. I did just that and I once I did I noticed the amount drop by 8k. I had roughly 72k in the traditional when I converted. Did I make a HUGE mistake??? I feel like I need to talk to someone about this. Did I lose money? I am kind of freaking out. For reference I am 32 and make 65k a year and I do expect raises over time...
Submitted May 25, 2017 at 08:58PM by avalanche_in_aspen http://ift.tt/2r32bIp
