Happy New Year!
I have a few IRA/rollover/tax questions. I'd love some input.
1. DW and I have maxed our respective Roth IRAs for the past couple years. However, I've started to wonder if opening Traditional IRAs, and maxing those for the foreseeable future, would be better. Our combined gross income is around $105k. From the figuring I've done, it seems to make minimal tax difference whether we continue to do Roth or switch to Traditional. We are married filing jointly, so we'd have a $24,000 deduction, as well as $18,000 to one 401(k) and $11,000 to the IRAs, $3,000 to HSA...we would be in the 12% bracket. I'm just not so good at estimating where we will be in retirement. I would guess in that same 12% bracket. If that's the case, it'd basically come down to pay taxes now vs. pay taxes later, right?
2. I'd like to rollover both of our 403(b) accounts (opened with both of our former employers) to a Traditional IRA with Vanguard (this is part of the reason I've started to consider going from Roth to Traditional). Does anyone know if we could rollover both her 403(b) and mine into my Traditional IRAs, or if we would each need our own IRA to initiate the rollover?
Thanks!