Guest friardave Posted April 18, 2005 Posted April 18, 2005 A newbie question If i roll a 401k into a traditional ira i understand there is no tax due. What would be the tax implications of rolling into a roth? thanks, dave
david rigby Posted April 18, 2005 Posted April 18, 2005 Taxable, except that you have to roll from the 401(k) to the traditional IRA, then convert it to a Roth IRA. See http://www.irs.gov/pub/irs-pdf/p590.pdf For example, page 26. I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice.
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