Hello Mustachians,
I have recently been working to consolidate my pieces-n-parts investment accounts into a single Vanguard account for ease of monitoring, among other considerations. The Vanguard account is set up as a Roth IRA. I have some rollover funds from an Oppenheimer fund coming (this was a regular IRA). Here are my options:
(1) Plan A: Put these funds into the Roth account and then pay the taxes (the rollover amount is $18,000) to keep the single account theme going, OR...
(2) Plan B: Put these funds into a separate Vanguard account (NOT a Roth). The benefit here would be ease of access (not having to wait until 59.5 to withdraw as we hope to retire when hubby reaches 58). For the 1.5 years until we can begin our IRA withdrawls, we need a small cushion. I also have about a $24000/year pension that will be in place at this time.
What would YOU do?? Thanks, gang!