papogi Posted July 31, 2002 Posted July 31, 2002 JP13 posted previously, but for some reason, the thread is closed. I wanted to repost it for him/her to start the responses. The original post: 401K rollover to Roth I have a 401k from a company that I worked for a few years ago and since then I have stopped contribution to it. I want to roll it over into a Roth IRA if it is possible. How do I go about doing this and is this a good solution.
BPickerCPA Posted July 31, 2002 Posted July 31, 2002 You cannot roll directly from a 401k to a Roth. You must roll the 401k into a traditional IRA first. Then, if you are eligible, and desire to do so, you can convert the traditional IRA into a Roth. Whether you should or shouldn't is beyond what we can answer from the limited info given. Barry Picker, CPA/PFS, CFP New York, NY www.BPickerCPA.com
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