Guest nets Posted February 11, 2005 Posted February 11, 2005 I WOULD JUST RATHER HAVE ONE THING TO WORRY ABOUT. BUT WHEN I SPOKE TO THE GUY AT OTHER COMPANY HE SAID THEY WOULD TRANSFER THE IRA FROM MET LIFE TO THEIR BANK BUT KEEP THE ORIGINAL YEAR AS TRADITIONAL. HE SAID THE NEW CONTRUIBUTIONS WOULD GO TO ROTH. i DIDNT UNDERSTAND WHY HE WANTED TO DO IT THAT WAY. i JUST WANT IT ALL IN THE ROTH. i DONT WANT TO LEAVE THE ORIGINAL CONTRIBUTION AS TRADITIONAL. PLEASE EXPLAIN WHY HE WOULD WANT TO DO IT TAHT WAY. IS IT A PAIN FOR HIM TO TRANSFER IT?
ElGuapo Posted February 11, 2005 Posted February 11, 2005 he just wants you to transfer it over traditional-to-traditional and then you can immediately convert it to roth from there. the alternative would be to convert it to roth with met life and then transfer the account roth-to-roth. the way he suggested is probably the more logical of the two.
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