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To: SunkenCiv

For the past ten years I maxed out my contributions and employer-matched contribution to my 401k.

Should I roll over my 401k into a roth IRA now?

Please e-mail me with your advice. I’m getting scared. I’m unemployed too.

toodamtall1@yahoo.com


24 posted on 06/07/2010 5:58:30 PM PDT by bicyclerepair (FR - my online family. From Ft. Lauderdale, Florida)
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To: bicyclerepair

If you don’t need the money right now, leave it where it is — assuming you’ve been employed most of this year.

Do the conversion to the Roth after Jan 1 2011 if you’re still not employed but have decent prospects.

If your prospects are not good, liquidate your 401K and use it to either relocate, or go back to school, or both.

Take this advice with a great big grain of salt, too.


25 posted on 06/07/2010 6:11:37 PM PDT by SunkenCiv ("Fools learn from experience. I prefer to learn from the experience of others." -- Otto von Bismarck)
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