Hello I am trying to help out my aunt. I’ve listed out her assets below. She is 62 years old with no immediate plans to retire soon. Is a resident of FL and has annual income around $110K.
Vanguard Roth IRA: $989K
Vanguard brokerage: $386K
Employer 401K: $729K
House equity: $489k (remaining mortgage of $105k)
Question is should she maintain her 401k as is, or do a 401k rollover into a traditional IRA? Would she have any benefit to a backdoor Roth IRA contributions?
Vanguard Roth IRA: $989K
Vanguard brokerage: $386K
Employer 401K: $729K
House equity: $489k (remaining mortgage of $105k)
Question is should she maintain her 401k as is, or do a 401k rollover into a traditional IRA? Would she have any benefit to a backdoor Roth IRA contributions?
Statistics: Posted by bigguy8437 — Thu Jul 25, 2024 11:13 pm — Replies 3 — Views 310