In trying to figure out what to do with my $385k FIDO 401K, I met with one of their reps today about possibly moving the 401K to an IRA. There are many good reasons to do this, but my primary one was to take advantage of the next few years when I'll be living off savings and have no income other than a few thousand in dividends. It seemed like the perfect opportunity to do some ROTH conversions with little to no taxes due.
I was shocked that the adviser didn't think it was worth my time to convert. She also seemed to think I'm too focused on the "little" things like expense ratios and keeping taxes low. I said I wanted to do a spreadsheet to compare the expense ratios of the available 401k funds vs. IRA funds and she gave me a look like I was out of my ever lovin' mind.
Please tell me I'm not crazy! (Or if I am, I guess I should know that, too).
I was shocked that the adviser didn't think it was worth my time to convert. She also seemed to think I'm too focused on the "little" things like expense ratios and keeping taxes low. I said I wanted to do a spreadsheet to compare the expense ratios of the available 401k funds vs. IRA funds and she gave me a look like I was out of my ever lovin' mind.
Please tell me I'm not crazy! (Or if I am, I guess I should know that, too).