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You are here: Home   Categories   Taxes   401k  Can you roll over my 401K to a Roth IRA?
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I am 64 and considering rolling over my 401K to a Roth ira. is this a good idea and what are the sticking points? The 401K amount is $500k can i pay the taxes out of the 401K money? are there tax consequences...
Hi, i am a complete investment novice and i was simply wondering which ira, Roth ira or 401K would be most beneficial for me.... I am currently 22 years old and i am a full time nursing student. i will receive my bsn by...
If i roll over my 401K (lost job) into an ira how long before i can borrow against my ira. Husband lost job we need our 401K profit share money but don't want to take it out directly...
Can you roll a 401K plan to a traditional ira while still at that employer? I have a client who wishes to stop using his 401K plan to avoid tpa costs and fiduciary responsibilities....


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Submitted 374 days ago...

Tiu117

Tiu117

New User (1)

Can you roll over my 401K to a Roth IRA?

I have several 401Ks that I would like to combine into my Roth IRA, Can I do this with out penility?

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Answer 1 / 1 - Submitted 374 days ago...

guido

guido

Expert (989)

Yes, but you will have to pay taxes on the 401K money due to the different tax structure between a 401K and a Roth. Pre-tax money goes into a 401K and post-tax into a Roth, so if you move money from the one into the other, you owe taxes on it.

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