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Re: Confused....
If you convert your traditional IRA to a Roth, you'll have to pay taxes on it. This is why if you're going to do it, it's best to do it in a year when your income is lower than normal. You may also want to do it if you believe your income level and/or tax rate will be higher in retirement than it is now.
I would be cautious of funds that an adviser recommends, particularly if he or she gets a commission from them. You get charged a front-end load (sales charge) for class A shares.
The Morningstar rating is a good starting place for researching funds, but it's just a start. Also look at the fund's long-term performance (10 years preferably) and its expenses. Picking the right fund is much more an art than a science.
Personally I go for simple. Why make guesses, when you can own a bit of everything.
If you convert your traditional IRA to a Roth, you'll have to pay taxes on it. This is why if you're going to do it, it's best to do it in a year when your income is lower than normal. You may also want to do it if you believe your income level and/or tax rate will be higher in retirement than it is now.
I would be cautious of funds that an adviser recommends, particularly if he or she gets a commission from them. You get charged a front-end load (sales charge) for class A shares.
The Morningstar rating is a good starting place for researching funds, but it's just a start. Also look at the fund's long-term performance (10 years preferably) and its expenses. Picking the right fund is much more an art than a science.
Personally I go for simple. Why make guesses, when you can own a bit of everything.
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