I need some advice from some of the great minds on here. I have $54,000 in a 457(b) plan from a previous employer. I am now in a new job that doesn't offer a 401(k). What is my best move? Should I rollover my $54k into a Roth IRA or traditional IRA? I understand that you pay taxes now on a Roth and later on a traditional. I make about $50,000 a year and there will likely be some raises over the years at my new job. My tax lady suggested I rollover the entire amount into a Traditional IRA, and then transfer $6,000 per year into a Roth IRA while contributing bi-weekly into the traditional IRA. There seems to be many options of what to do. Also, I keep hearing I should work with Vanguard. Is that a good move? Any guidance is appreciated!!!
Submitted February 26, 2019 at 06:30PM by lunaraquarian https://ift.tt/2NuMgvE
