He is able to max out his contributions each year and probably doesn’t need extreme growth to retire comfortably, especially since he’ll be getting another $1,000 a month from his deferred compensation plan.
By Beverly De Veny, Chief IRA Analyst Follow Us on Twitter: @Bev IRAEd Slott A common strategy is to go through with smaller Roth IRA conversions or to convert different assets to different Roth IRAs.
And, be sure you have both primary and contingent beneficiaries named for the account.
I have used a lot of Roth terms in this post that some of you may not be familiar with such as recharacterization and net income calculation.
Or, like Eric, you might want one discount broker and one full-service broker.