Hi,
I just finished reading the wci financial bootcamp book. I'm hoping to start residency in July and went back to look at 2 retirement accounts I have from previous jobs I had. One is a 401a w/ 11k, there is an annual $35 fee, the annual operating expenses are around 0.03%.
The other is a supplemental pension savings plan (SPSP) w/ 8k, the annual operating expenses are not as good. -I was told the money I put in there was taxed ahead of time and therefore can't be rolled into a Roth account...
I was thinking of rolling the 401a over to a Roth IRA before residency, I'm not sure what to do with the SPSP.
Is it worth rolling the 401a over? Any suggestions for a SPSP? Or should I just start from scratch in residency and let these grow on their own separately?
Thank you
I just finished reading the wci financial bootcamp book. I'm hoping to start residency in July and went back to look at 2 retirement accounts I have from previous jobs I had. One is a 401a w/ 11k, there is an annual $35 fee, the annual operating expenses are around 0.03%.
The other is a supplemental pension savings plan (SPSP) w/ 8k, the annual operating expenses are not as good. -I was told the money I put in there was taxed ahead of time and therefore can't be rolled into a Roth account...
I was thinking of rolling the 401a over to a Roth IRA before residency, I'm not sure what to do with the SPSP.
Is it worth rolling the 401a over? Any suggestions for a SPSP? Or should I just start from scratch in residency and let these grow on their own separately?
Thank you
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