My husband and I both have orphaned accounts; his is a 403(b) with about $30K and mine is a traditional rollover IRA with about $17K. I'd like to roll them over into a Roth in hopes of eventually retiring early.
Currently, though, we don't have much cash. About $7K now; hopefully at least $10K by April 15 and maybe more if I get a job (I'm looking). Being about to fund Roths for both of us and still have enough left over to pay taxes on a Roth conversion seems like an extremely remote possibility, so my question is, which should we prioritize?
Some facts about our situation:
1. We are currently in the 15% tax bracket, but since I'm looking for a job, this is probably our last year there.
2. We really want to buy a house in the next year or two.
Any advice what we should do if we don't have enough $$ to do everything?