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IRAs and Roth IRAs
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Re: Convert 403b to a Roth IRA

Personally, I don't think it's a good idea to take $80k out of your 403b to roll into a Roth IRA in 2010. Remember, you'll pay taxes equal to 38% of the rollover, or about $30k.

I think you'll be better off keeping the money growing tax-deferred within your 403B.

I do think it's a good idea to make non-deductible IRA contributions, and then convert IRA to a Roth. You won't owe much in taxes with this strategy, and you'll end up with money in these tax-free Roth accounts.

Please keep in mind that this is only my opinion on this issue. You should read what a lot of tax and financial professionals have to say about converting pre-tax retirement money to a Roth, and then try to make your most educated decision.

What are other visitors to this Forum going to do in 2010?

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