Related Posts
Larsen & Toubro Infotech Hi folks, Please help me which organisation should I go with Citius tech or LTimindtree? As recession is approaching and due to which layoffs are going on as we all know so which one is more safe to join. Please share your thoughts, which will help me to take the decision.
For tech stack Azure Data Factory, SQL,Azure synapse, SSIS, ADLS with 7.5 yrs of experience. HCL Technologies Tata Consultancy Infosys Accenture IBM Larsen & Toubro Infotech Mindtree Fractal Citiustech Healthcare Technologies
What are LEK benefits?
More Posts
DM if anyone interested
Additional Posts in FIRE Financial Independence Retire Early
New to Fishbowl?
unlock all discussions on Fishbowl.
Definitely check with your 401k provider at your current co to see if you can roll your trad Ira into your 401k. You’ll avoid pro-rata taxes.
That’s great news. If you follow this path of clearing out your trad IRA funds, your Roth conversion will be the full value tax free. No pro rata, bc pro rata only impacts IRAs, not 401s
Entire balance at risk for taxing.
1 Roll traditional into 401k
2 add BD Roth $ into now 0 balance ira
3 convert and pay tax on small $ amount
So will i end up with a 2nd roth ira after converting?
Im with fidelity
If you can’t roll traditional into 401k, you can always open another traditional IRA at a different broker and avoid that whole mess
No. It’s the sum of all accounts regardless of broker. Making a new account at a new broker just makes new headaches.