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East of Broken Bow | At your age, I would set the new one up as a Roth.
The one you have now making like 20% per year would cause a large tax bill if you rolled it over, so think it over carefully. Perhaps you could roll a small amount over each year if you wish to convert to Roth. Or, you could leave it alone and take fixed withdrawals from it when you retire, and use the Roth for additional money, which would be tax free upon withdrawal. | |
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Roth 401k or traditional?
