dcsimg The Get Rich Slowly Forums • View topic - Rolling 401k to Roth?

  GRS Home  Forum Home
Bank Rates Center
   Savings Account Rates
   Money Market Rates
   Highest CD Rates
Insurance Rates Center
  Auto           Health
   Life              Home
Mortgage Rates Center
  Mortgage Rates
  Mortgage Quotes

Last visit was:
A place for Get Rich Slowly readers to ask questions
and exchange ideas
It is currently Sun Nov 29, 2015 7:09 am

Post new topic Reply to topic  [ 17 posts ]  Go to page Previous  1, 2
Author Message
 Post subject:
PostPosted: Thu Jul 12, 2007 9:34 am 
User avatar

Joined: Wed May 30, 2007 11:23 am
Posts: 859
Location: Portland, OR
slagerst wrote:
So in summary, would I be able to start a roth ira independently, contribute as much as i can, and then roll whatever employer contributions i have in a 401k into the roth whenever i switch jobs?

so at the end of each job, i roll whatever they contributed to the 401k into my roth (where i've been contributing my side), and move on?

Pretty much, yeah. Although, right now you have to roll to a rollover IRA and then convert to a Roth but that's changing. Also, keep in mind that when you do this you have to pay taxes so it may not always make sense. It may be better to move it to a Rollover IRA and then convert in smaller amounts so you can control the tax hit.

Offline Profile E-mail   
 Post subject:
PostPosted: Mon Apr 21, 2008 1:36 am 

Joined: Mon Apr 21, 2008 1:34 am
Posts: 3
And in 2010 I could theoretically put the whole 401k funds into a Roth without worrying about a contribution limit.

Offline Profile   
Display posts from previous:  Sort by  
Post new topic Reply to topic  [ 17 posts ]  Moderators: bpgui, JerichoHill Go to page Previous  1, 2

Who is online

Users browsing this forum: Google Adsense [Bot] and 29 guests

You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot post attachments in this forum

Search for:
Jump to:  
Powered by phpBB © 2000, 2002, 2005, 2007 phpBB Group
Theme created StylerBB.net & kodeki