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Originally Posted by MikeWaters
My financial advisor tells me that I should roll over my 401k and my 403b as well as my SEP into a conversion Roth IRA this year. He says this is permissible as long as you make less than 100k/yr. He says that this would be by far the best thing (despite the tax penalty of converting it to Roth).
What do you guys think?
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I would say it is a good idea because I rolled mine a few years ago. I paid the tax penalty with separate funds (rather than from the principle). My good friend is my financial advisor. We spent a day or two going over numbers and decided it was best for me.
I would go with the advice of an advisor vs. the guys on CG. The benefits or drawbacks are very situation specific.