TopHot
24% tax bracket, should I convert my traditional IRA ($24k) into a new Roth IRA?
24% tax bracket, should I convert my traditional IRA ($24k) into a new Roth IRA? I'm 22 y/o in the 24% tax bracket (~$120k). A few years back, my dad set up a traditional IRA for me and I contributed to it the past couple years and it's now at about $24k in total. From what I've read, a lot of people recommend doing a Roth IRA for my tax bracket, but I'm not sure what to do with the traditional IRA. I anticipate my tax brack...
Category:
