<prompt> Human: When I graduated from college, I was given the advice of opening a traditional IRA account which I did. As years went by I keep hearing that a Roth IRA is better to have over a traditional IRA. So, should I rollover my traditional IRA to a Roth and pay the taxes on the conversion or open a Roth IRA and make contributions to that one and leave the traditional alone? I currently have 55k in the traditional IRA.  <response>: Theres no way to know what taxes will be like when you retire. Either one is good.I wouldnt roll the money over like that, it will be very annoying tax-wise. Just leave it there and start investing in Roth if you want. 