I recently moved a couple retirement accounts I set up (but never really contributed much to) at TRowe and were invested in mutual funds to Fidelity. They were a small Roth IRA and traditional IRA. The traditional was mainly rollover money from 401k's from a previous employer and is around $50k. The Roth is around $12k. This is not my main retirement account, that's currently a 401k I'm putting 10% into + a 6% employer match. I estimate I'm 12-15 years from when I'd like to retire. My wife has considerably more invested (from an inheritance) and we also have a house. She also stands to (probably) inherit more, including property. My parents on the other hand are a little more "blue collar"...We are looking to move in the next five years and start downsizing as we are both in our early 50's. We still have two kids in college which we are paying for out of pocket so to avoid student loans (which I realize directly impacts the total amount we can be actively saving for our own retirements)... Anyway, does it make sense to explore converting my current traditional into a Roth IRA? Since I've moved into Fidelity several months ago it's being just getting beaten up as the market - depending on the investment (ETFs) I'm currently down anyway from 5% to 9%, so does that mean I'd be taking a capital loss and therefore avoid a big tax penalty?
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