Ira conversion
Hi Terry. I retired as a federal government employee with $1000000 in my thrift savings account. I moved all to a traditional Ira at Wells Fargo. Now I read about conversions. I am 64 and this is the bulk of my savings. Should I convert some of this to a Roth IRA?
Terry Says
There is only one independent way to find out whether converting all or part of your IRA makes financial sense in the long run.
Read this: https://www.terrysavage.com/roth-conversions-2/
Honestly, since so much money is involved and you are so relatively young, I’d recommend you go through his entire Maxifi Planning service and get specific, independent advice on all aspects of your retirement.
