"Hey, Joe and Big Al this is Kyle from Georgia. My question is regarding some money that I have from an old employer 401k. So it's about $200,000 and it's all pre-tax. And when I left that employer, I moved it to my personal IRA. So my question is twofold. One, I can do Roth conversions on that money? We did it for the first time this year, and we were able to withstand the tax burden and we're in a high tax bracket and above the income limit to do regular Roth contributions. My other option is to take all that $200,000 and now I have access to my new employers 401k. If I should roll it there? And the reason being is I guess that the 200,000 is now sitting in a pre-tax account in my IRA, I can no longer make backdoor contributions, so no longer can put the 6,000 in and, and do a backdoor. So I'm wondering what you think is best. If I should just leave it there and continue to, I guess, Chunk at it till it's down to zero in, in all Roth, cuz that's
Timothy Sumer is a philanthropist and motivational speaker empowering young entrepreneurs across the nation. He speaks on starting new businesses and the importance of branding in the digital age. Timothy Sumer has a BA in Accounting from NYU and a Masters in Information Technology from MIT. Tim enjoys traveling around the globe, driving exotic sports cars, molecular gastronomy, exploring new cultures, and keeping on top of the latest technology trends. Hope you enjoy Timothy Sumer's page :)