so i discovered WCI several months ago and have have been reading and learning a tremendous amount. Wish I would have found this much earlier in my career!. First thing i did was figure out that my one of the great ideas my "money guy" convinced me off was to move my old 401K from residency into an IRA--into a variable annuity no less, with annual expenses of nearly 2.6%! Since i have 1099 income i was able to figure out how to set up a solo 401K with etrade and transferred that money there (paid the surrender charges of about 2,800 bucks). So then i was free to do the backdoor roth thing and didn't have to stomach the high fees of the annuity. The problem is that my wife also transferred her old work 401K into the same type of variable annuity IRA. She is not employed at this point so she cant do a solo 401K. What can i do with her money to get it out of there (it's about 10K). I want to be able to do a backdoor roth for her in the future as well.
thanks
thanks
Comment