<prompt> Human: My dad was injured on the job and is now unable to work. He had a 401K at the company and we need to figure out what to do with it.He was terminated in January. He turns 60 in November, so 5 years till he reaches retirement age. The 401k only has around 3000They have no investments or other retirement accounts 401k is with Wells FargoMy thoughts were rolls into a new Roth IRA, but Im not sure that is good. They likely wont contribute to it anymore.  <response>: Absolutely do not convert to Roth. Next year hes going to have ZERO or nearly so income. Why pay taxes on a conversion, when he can get the money tax free in just a few months.Meanwhile, his plan to retire on ZERO pension, 3000 and SS is a very bad plan. Hes going to have to figure out some way to make some income. Or your mom needs to make some income. Or they need to move in with kids. Or something. What the hell were they thinking? 