<prompt> Human: Im 25, make between 60-65K a year. I have a small 401K 3.4K with a previous employer that Im not really doing much with and is charging me 5 a quarter. I would like to convert this to either 1. a Traditional IRA or 2. a Roth IRA. I do not want to roll it over to my current 401K.Im leaning towards a traditional because Im not sure if it is worth it to take the tax hit now. But transferring to a Roth and growing it tax free seems great to me. I will eventually start a ROTH IRA anyway, possibly this year, but I dont Ill hit the max contributions.So the any advice on whether I should just transfer it to a traditional or a roth is much appreciated.Thanks!  <response>: Rolling it into a traditional IRA would be easiest. You type on a website, mail in some forms, and youre done. In choosing whether to convert it to Roth you have to think about your current marginal tax rate versus what you expect youll have in retirement. Regarding opening a new Roth IRA, this is a good idea. Since you have a 401k through work you are above the deduction limit for a traditional IRA so theres no benefit to contributing to one. The annual contribution cap is for new contributions, not rollovers. 