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Question about IRA/Roth IRA conversion

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  • #16
    Yeah, that's the tough question to ask yourself.

    Be careful with your terminology. "Rollover" refers to moving funds from one qualified retirement account to another, like trad IRA to 401(k) , 403(b) to trad IRA, etc. That's pretax to pretax, no tax due. "Conversion" is pretax to Roth and is taxable.

    Your option for the traditional (pretax) IRA is either rollover (pretax) *or* convert (Roth, post-tax).

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    • #17
      Update / Question:

       

      So I've started the roll over to my TSP account (slow because of TSP).  Anyways, So I have like $50 left over for some reason in my tIRA at Ameritrade.

       

      Should I open a Roth IRA at ameritrade and just roll over the 5500 into that?  Or should I open at the Roth IRA at Vanguard? and transfer the $50 to that?

       

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