401(k) into Roth IRA

[Guest Jennif102]

Hi,

This may be a basic question but I can't seem to find the answer on here. I want to take the 401(k) I have with an old employer and roll it into my Roth IRA. My Roth IRA plan administrator said I need to make sure the 401(k) is roth first and then roll it over. I have no idea how to do this. I don't think my former employer offers Roths, just 401(k)s.

What are the exact steps I need to take to make this conversion happen properly?

Thx!

[JanetM]

First you have to roll to traditional IRA then convert to Roth IRA.

[Appleby]

...unless it's done on or after 01/01/08 , then you may do a direct Roth Conversion from your 401(k) plan to your Roth IRA.

Talk to your Roth IRA custodian about their operational and documentation requirements