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<blockquote data-quote="db-2" data-source="post: 292866" data-attributes="member: 4743">SDMF and rooster:You got in right as to how i was learn back in the old days when roth came out.Why i did not convert back then some IRA monies i am not sure.Question i have:If i had $100,00 in a 401 and is now worth $50,000 can i convert that 50,000 to a roth in the same type of account so my basics is the 50,000 and no taxes then on the 50,000 it will gain back over the next few months when i start withdrawing?&nbsp; db- - - Updated - - -These last years a portion of my income has been federal tax in the 20% range.&nbsp; Monies put in a IRA saved me.&nbsp; I can not put in anymore but i just put the max of $7,000 for my wife and at 22% tax rate that was my savings plus a llttle state.With no income now other than SS there will be some tax but very little at a marginal rate so it worked for me as they said it would.&nbsp; db</blockquote>

[QUOTE="db-2, post: 292866, member: 4743"] SDMF and rooster: You got in right as to how i was learn back in the old days when roth came out. Why i did not convert back then some IRA monies i am not sure. Question i have: If i had $100,00 in a 401 and is now worth $50,000 can i convert that 50,000 to a roth in the same type of account so my basics is the 50,000 and no taxes then on the 50,000 it will gain back over the next few months when i start withdrawing? db [COLOR="silver"][SIZE=1]- - - Updated - - -[/SIZE][/COLOR] These last years a portion of my income has been federal tax in the 20% range. Monies put in a IRA saved me. I can not put in anymore but i just put the max of $7,000 for my wife and at 22% tax rate that was my savings plus a llttle state. With no income now other than SS there will be some tax but very little at a marginal rate so it worked for me as they said it would. db [/QUOTE]

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