{ "media_type": "text", "post_content": "Just moved my old employers 401k to a traditional IRA. Valued at 30.5k and I got it out before the market dip. Should I convert it to a Roth before the end of the year or does anyone have suggestions on etfs to put this money in. I’m 28 married filing joint and this is the last month or two before my wife starts working as well. My income this year was about 100k with 10-15k from rental property", "post_id": "61a68eb73c7d1a002b34071b", "reply_count": 3, "vote_count": 3, "bowl_id": "59064a3cb12379001006592c", "bowl_name": "Personal Investment Chatter" }

Just moved my old employers 401k to a traditional IRA. Valued at 30.5k and I got it out before the market dip. Should I convert it to a Roth before the end of the year or does anyone have suggestions on etfs to put this money in. I’m 28 married filing joint and this is the last month or two before my wife starts working as well. My income this year was about 100k with 10-15k from rental property

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I would just based on that. Ultimately it'll depend on your estimated tax bracket in retirement, but my best guess is that you're in a relatively low bracket now with a non-working spouse who will work soon.

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If you have decided that you want to convert to Roth, now seems like a good time to do it with only 1 income. I would suggest VTI or ITOT.

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At this stage - it’s a good idea to convert. Some tax pain but your future self will thank you

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