Should I Roll My Traditional 401(k) to a Roth?

Ramsey Everyday Millionaires

Ramsey Network

Investing, Careers, Business

4.6 • 3.6K Ratings

🗓️ 18 February 2022

⏱️ 4 minutes

🔗️ Recording | iTunes | RSS

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Summary

Listen to how ordinary people built extraordinary wealth - and how you can too. You’ll learn how millionaires live on less than they make, avoid debt, invest, are disciplined and responsible! Featuring hosts from the Ramsey Network: Dave Ramsey, Ken Coleman, Rachel Cruze, John Delony, and George Kamel.

Transcript

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0:00.0	You're listening to Ramsey everyday millionaires, where we talk retirement, building wealth,
0:10.5	and outrageous generosity.
0:13.8	Amy is in Dallas, Texas.
0:15.8	Hi Amy, welcome to the Ramsey show.
0:18.0	Hi Mr. Ramsey, how are you?
0:20.7	Better than I deserve, what's up?
0:22.3	I got two quick questions.
0:24.3	So first one is, does it really matter if I invest in real estate or mutual funds because
0:30.4	I'd really rather not be a landlord?
0:33.5	You do not have to invest in real estate.
0:35.5	Okay so it's pretty much the same, okay, so the second question is, should I roll over
0:41.2	my traditional 401k to a Roth 401k?
0:44.8	You basically already asked my company if they would do it and they said no, but should
0:49.0	I push that or is that like probably something that they just don't offer?
0:55.7	They probably don't have a choice, but no you should not do it unless you're on baby
1:00.6	step seven and have extra money.
1:02.2	I am on baby step seven.
1:03.2	Oh you're.
1:04.2	And I can take the time.
1:06.2	You can take the time.
1:07.2	How much is in your traditional?
1:09.2	400 in mine and 300 in my husband's or 700 total.
	...

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