Four Questions to Ask About 401k to IRA Rollovers

[SheilaT]

5. No, you are not boring me. I more or less know what you've said,

but it never hurts to hear it again. Plus, I'm sure others who read here may not comment themselves, but will take away the information given.

If I'm not confused, it seems to me as though the best thing about a Roth is that there is no need to start taking money out at age 70 and a half. It can be used as sort of a back up (at least this is how I think of it) to my other sources of income.

Anyway, the amount involved is relatively small. Do you know if it could be converted a bit at a time to help reduce the taxes? I'm guessing the entire amount would be taxed as ordinary income, and depending on what that sum does to my total income for the year would determine how much taxes involved, yes? Or, depending of course on any other income, it may not make a difference so perhaps is best to convert it all at once.

I do feel like I have an excellent FA. A year or so ago he left Merrill-Lynch and joined an independent group of FAs, and has re-jiggered how my money is invested. I'm doing better financially, and feel far more confident about my long term financial future. So much so, that I'm going to retire from my part time job in April. Yeah!