Hi, folks!
A quick question.
I am 21, just graduated and am currently working for a small company and am aggressively saving my money and paying down my student loan debt. I make 45k. I am close to having the initial 3k saved up to open a vanguard IRA. My question:
My company does not have a 401(k) option so, in theory, if I opened a traditional IRA, my contributions to it could be written as a deduction on my taxes. Once my company has a 401k option, is it possible to switch that traditional account to a Roth IRA?