My wife and I are thinking of converting a relatively large sum of money from an old 457 to an existing roth. We've already moved the money from the 457 to an IRA at an online broker. I'm looking for folks who have done this and would like to learn from y'alls experience. We are even considering using the leftover proceeds from the sale of a former house to pay the taxes. We are currently in a paid off house BUT are seriously thinking about buying a different more expensive house and would like to use cash but that wouldn't be possible without the leftover cash from the old house.? I guess the real question is do y'all think it would be financially beneficial to get a relatively small loan for a new house so that we can convert the old 457 money to a roth.
Thanks.
Thanks.