Sanbenito1
Recycles dryer sheets
- Joined
- Nov 8, 2013
- Messages
- 104
I have about $20k that I want to convert from an IRA to a Roth IRA, because u will likely be in a higher tax bracket during retirement. The IRA money is mostly bonds/safer money, and I'm thinking the Roth should be an S&P 500 or Extended Market index as I may never need the money and would be looking for longer term growth. My question is on timing: I'd like to buy the stocks when the market dips, but it never seems to really go down these days - and when it does, I'm not paying attention and miss it. Should I just pull the trigger now and convert, figuring it's a long-term investment, or wait it out for a market correction?