<prompt> Human: I have a meager 14,000 sitting in a traditional IRA managed by Ameriprise. I was speaking with my 401k provider, Schwab today and they mentioned that moving that 14,000 into a Roth IRA and taking the tax hit - to the tune of around 4000 would be smart because Im relatively young 30 years old as opposed to letting it sit in a traditional IRA and getting hit for taxes at age 58 or 60, when I plan to retire. My employer also allows us to contribute to a Roth IRA in addition to our Schwab 401k and they mentioned potentially splitting up my retirement savings into both the 401k and the Roth. Is that sound advice? I dont know much about investing and I was hoping someone could shed some light on my current situation, or provide some links to reading material that might help me make sense of things.  <response>: Schwab today and they mentioned that moving that 14,000 into a Roth IRA and taking the tax hit - to the tune of around 4000 would be smart because Im relatively young 30 years old as opposed to letting it sit in a traditional IRA and getting hit for taxes at age 58 or 60, when I plan to retire.Schwab likely has no idea what your tax situation looks like, and Im surprised they gave you tax advice of any sort.Personally, I would move to a Traditional IRA first and then if it makes sense to convert, do the conversion in chunks over different tax years unless 14,000 doesnt push you into the next tax bracket.I still recommend moving your IRA away from Ameriprise. Vanguard is probably the best choice, because theyre not for profit and generally have the lowest fees. My employer also allows us to contribute to a Roth IRA in addition to our Schwab 401kYour employer gets zero say in IRAs. IRAIndividual Retirement Account. You own the account, its unrelated to your employer.You probably meant to say you can also contribute to a Roth 401k, which may possibly make sense based on your tax situation. Im not sure. I dont know much about investingSidebar: Long-Term Investing Start-Up Kit Read all of it. 