Comments on: Can You Rollover Your 401k to a Roth IRA? http://www.goodfinancialcents.com/can-you-roth-ira-rollover-rules-from-401k/ Helping You Make Cents Of Investing and Financial Planning Wed, 08 Feb 2012 21:58:36 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Billhttp://www.goodfinancialcents.com/can-you-roth-ira-rollover-rules-from-401k/comment-page-1/#comment-16919 Bill Tue, 25 Oct 2011 22:02:50 +0000 http://www.goodfinancialcents.com/?p=6992#comment-16919 Jeff, My company just got acquired by a larger company and they said next year we will be converting from our current 401k plan to the new companies 401k plan. Will this be an opportunity to convert my 401k to an IRA or will I be forced to roll it into the new plan since my employment continued? Jeff,
My company just got acquired by a larger company and they said next year we will be converting from our current 401k plan to the new companies 401k plan. Will this be an opportunity to convert my 401k to an IRA or will I be forced to roll it into the new plan since my employment continued?

]]> By: Jeff Rosehttp://www.goodfinancialcents.com/can-you-roth-ira-rollover-rules-from-401k/comment-page-1/#comment-15328 Jeff Rose Fri, 19 Aug 2011 20:17:24 +0000 http://www.goodfinancialcents.com/?p=6992#comment-15328 @Joel You sure can. That's what makes the Roth 401k nice is that it is portable. That way you won't lose that tax free benefit! @Joel You sure can. That’s what makes the Roth 401k nice is that it is portable. That way you won’t lose that tax free benefit!

]]> By: Joelhttp://www.goodfinancialcents.com/can-you-roth-ira-rollover-rules-from-401k/comment-page-1/#comment-15325 Joel Fri, 19 Aug 2011 14:38:14 +0000 http://www.goodfinancialcents.com/?p=6992#comment-15325 Hi Jeff, My wife never set up a Roth IRA and now that we got married, we make too much for her to contribute to one. I've set up her Roth 401(k) at work and she's contributing there. If she leaves the company, can she roll the Roth 401k into a Roth IRA? In other words is the income limit just restricting contributions or rollovers/plan eligibility as well? Thanks! Hi Jeff,
My wife never set up a Roth IRA and now that we got married, we make too much for her to contribute to one. I’ve set up her Roth 401(k) at work and she’s contributing there. If she leaves the company, can she roll the Roth 401k into a Roth IRA? In other words is the income limit just restricting contributions or rollovers/plan eligibility as well?
Thanks!

]]> By: Jimhttp://www.goodfinancialcents.com/can-you-roth-ira-rollover-rules-from-401k/comment-page-1/#comment-14245 Jim Wed, 23 Mar 2011 15:52:03 +0000 http://www.goodfinancialcents.com/?p=6992#comment-14245 I am thinking of rolling my 401k balance into a ROTH IRA account which I already have established. In this article you mention that this is a taxable event. As an accountant myself I understand the reasoning behind this, however I am wondering what the actual tax implications. For example if I want to roll a $50k 401k balance into a ROTH IRA, and my salary is under $100k, what will be the taxable amount that I can expect to owe the government? Also, can you please show me the calculation that you would utilize so I can use my actual balance to repreform this calc?Thanks so much. I am thinking of rolling my 401k balance into a ROTH IRA account which I already have established. In this article you mention that this is a taxable event. As an accountant myself I understand the reasoning behind this, however I am wondering what the actual tax implications. For example if I want to roll a $50k 401k balance into a ROTH IRA, and my salary is under $100k, what will be the taxable amount that I can expect to owe the government? Also, can you please show me the calculation that you would utilize so I can use my actual balance to repreform this calc?

Thanks so much.

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