First off, I believe I made more money from my small roth account than from the larger employer sponsored retirement account because I have so many great investment choices in the brokerages.
So obviously this is one reason I plan to rollover all the money in my employer sponored tax deferred retirement to Roth IRA (I do understand there is tax consequence).
Another reason is that Roth IRA is not subject to any withdrawal rules once you are over 59.5 and the account is more than 5 years old. You don't have to consider withdrawal rate, limits, minimum distributions, etc, etc. You withdraw when you need it, without tax.
Again, I understand when rolling over to Roth, there can be a lot of taxes (depending on the amount in a year), but it seems to me the above two factors override this con.
I would like to hear thoughts and experiences from other members. Thanks.
So obviously this is one reason I plan to rollover all the money in my employer sponored tax deferred retirement to Roth IRA (I do understand there is tax consequence).
Another reason is that Roth IRA is not subject to any withdrawal rules once you are over 59.5 and the account is more than 5 years old. You don't have to consider withdrawal rate, limits, minimum distributions, etc, etc. You withdraw when you need it, without tax.
Again, I understand when rolling over to Roth, there can be a lot of taxes (depending on the amount in a year), but it seems to me the above two factors override this con.
I would like to hear thoughts and experiences from other members. Thanks.
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