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 Mon, 22 Feb 2010 18:30:30 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: CJ Weiler http://www.goodfinancialcents.com/can-you-roth-ira-rollover-rules-from-401k/comment-page-1/#comment-4675 CJ Weiler Sat, 03 Oct 2009 20:29:45 +0000 http://www.goodfinancialcents.com/?p=6992#comment-4675 Most years my families AGI is well above 100k. This year, due to unemployment, we will be around 70k. 2010 AGI will definitely be about 200K. I have old 401ks of about 250K. So my question: Does the AGI limitation of 100K for 2009 include the potential increase in AGI due to the 401K to Roth IRA conversion? I know I could wait until 2010 and split the tax liability over two years, but my AGI will be much higher in those years compared to 2009. My wife and I are 35 and 38 respectively. Thanks for any help. Most years my families AGI is well above 100k. This year, due to unemployment, we will be around 70k. 2010 AGI will definitely be about 200K. I have old 401ks of about 250K. So my question: Does the AGI limitation of 100K for 2009 include the potential increase in AGI due to the 401K to Roth IRA conversion? I know I could wait until 2010 and split the tax liability over two years, but my AGI will be much higher in those years compared to 2009. My wife and I are 35 and 38 respectively. Thanks for any help.

]]> By: * 401k Rollover To IRA: What is it and how does it work? http://www.goodfinancialcents.com/can-you-roth-ira-rollover-rules-from-401k/comment-page-1/#comment-4123 * 401k Rollover To IRA: What is it and how does it work? Tue, 01 Sep 2009 03:50:32 +0000 http://www.goodfinancialcents.com/?p=6992#comment-4123 [...] investment options, tools, features, prices, fees, etc. Additionally, you have the option of converting your 401k to a Roth IRA, which allows your retirement savings to grow tax-free.How To Do A 401k Rollover To [...] [...] investment options, tools, features, prices, fees, etc. Additionally, you have the option of converting your 401k to a Roth IRA, which allows your retirement savings to grow tax-free.How To Do A 401k Rollover To [...]

]]> By: Economy and Your Finances Carnival August 30 2009 http://www.goodfinancialcents.com/can-you-roth-ira-rollover-rules-from-401k/comment-page-1/#comment-4092 Economy and Your Finances Carnival August 30 2009 Sun, 30 Aug 2009 08:04:09 +0000 http://www.goodfinancialcents.com/?p=6992#comment-4092 [...] Rose presents Can You Rollover Your 401k to a Roth IRA? posted at Jeff [...] [...] Rose presents Can You Rollover Your 401k to a Roth IRA? posted at Jeff [...]

]]> By: Jeff Rose http://www.goodfinancialcents.com/can-you-roth-ira-rollover-rules-from-401k/comment-page-1/#comment-4009 Jeff Rose Sat, 22 Aug 2009 14:34:39 +0000 http://www.goodfinancialcents.com/?p=6992#comment-4009 @ Margaret Please check out my post on doing a Roth IRA Conversion to answer your question about the tax benefit from converting. As you'll read, you still have to pay the tax, just in 2010 you can defer the amount and spread it over the next two years. http://www.goodfinancialcents.com/2010-roth-ira-conversion/ Roth IRA's are an just a retirement account or "shell" account that can hold any type of investment that you choose. Check out this post that I wrote that will help explain further. http://www.goodfinancialcents.com/best-roth-ira-rates/ @ Margaret

Please check out my post on doing a Roth IRA Conversion to answer your question about the tax benefit from converting. As you’ll read, you still have to pay the tax, just in 2010 you can defer the amount and spread it over the next two years. http://www.goodfinancialcents.com/2010-roth-ira-conversion/

Roth IRA’s are an just a retirement account or “shell” account that can hold any type of investment that you choose. Check out this post that I wrote that will help explain further. http://www.goodfinancialcents.com/best-roth-ira-rates/

]]> By: Margaret Tytherley http://www.goodfinancialcents.com/can-you-roth-ira-rollover-rules-from-401k/comment-page-1/#comment-4003 Margaret Tytherley Sat, 22 Aug 2009 00:10:00 +0000 http://www.goodfinancialcents.com/?p=6992#comment-4003 I am 68 yrs old-in 98 I took an early retirement as the company I worked for was moving out of state. I did not touch my 401k account. I am now considering moving it to an IRA/Roth IRA-You mentioned some changes are to be made in 2010 concerning tax to be paid- also how do the IRA's work-are they controlled by the stock market or is there flat interest rate? I am 68 yrs old-in 98 I took an early retirement as the company I worked for was moving out of state. I did not touch my 401k account. I am now considering moving it to an IRA/Roth IRA-You mentioned some changes are to be made in 2010 concerning tax to be paid- also how do the IRA’s work-are they controlled by the stock market or is there flat interest rate?

]]> By: 403(b) Rollover to Traditional IRA | Prime Time Money http://www.goodfinancialcents.com/can-you-roth-ira-rollover-rules-from-401k/comment-page-1/#comment-3976 403(b) Rollover to Traditional IRA | Prime Time Money Tue, 18 Aug 2009 20:41:34 +0000 http://www.goodfinancialcents.com/?p=6992#comment-3976 [...] It’s Tax Free – Last but not least, doing a direct rollover should have no tax consequences. You saved your hard-earned money, tax-free, for years in your 403(b). The last thing you want to do is retroactively pay the taxes on those funds. The rollover will prevent you from having to do that. Thus, your original goal for the funds (tax-advantaged retirement savings) remains intact. If you’re not interested in keeping the same tax strategy, see Rolling to a Roth IRA. [...] [...] It’s Tax Free – Last but not least, doing a direct rollover should have no tax consequences. You saved your hard-earned money, tax-free, for years in your 403(b). The last thing you want to do is retroactively pay the taxes on those funds. The rollover will prevent you from having to do that. Thus, your original goal for the funds (tax-advantaged retirement savings) remains intact. If you’re not interested in keeping the same tax strategy, see Rolling to a Roth IRA. [...]

]]> By: Jeff Rose http://www.goodfinancialcents.com/can-you-roth-ira-rollover-rules-from-401k/comment-page-1/#comment-3971 Jeff Rose Tue, 18 Aug 2009 15:27:18 +0000 http://www.goodfinancialcents.com/?p=6992#comment-3971 @ Donna Interesting insight. There may be some merit to it, but I think it underestimates the buzz that high net worth individuals have for wanting a Roth IRA. Not just from their investing standpoint, but from an estate planning standpoint as well. Plus, it did really emphasize the deferral period on paying the tax in 2010. By no taxes being due in 2010, and then the rest being split over the next two years; that's a huge tax advantage. Ultimately, time will tell. And that time is just around the corner. Thanks for sharing the article! @ Donna

Interesting insight. There may be some merit to it, but I think it underestimates the buzz that high net worth individuals have for wanting a Roth IRA. Not just from their investing standpoint, but from an estate planning standpoint as well. Plus, it did really emphasize the deferral period on paying the tax in 2010. By no taxes being due in 2010, and then the rest being split over the next two years; that’s a huge tax advantage. Ultimately, time will tell. And that time is just around the corner. Thanks for sharing the article!

]]> By: Donna http://www.goodfinancialcents.com/can-you-roth-ira-rollover-rules-from-401k/comment-page-1/#comment-3965 Donna Mon, 17 Aug 2009 22:20:11 +0000 http://www.goodfinancialcents.com/?p=6992#comment-3965 Hi Jeff, I read this article on Bloomberg about converting a a traditional IRA to a Roth IRA. I am interested in your thoughts on this. Thanks, Donna http://www.bloomberg.com/apps/news?pid=20603037&sid=aY_JfvCUQzzU Hi Jeff,

I read this article on Bloomberg about converting a a traditional IRA to a Roth IRA. I am interested in your thoughts on this. Thanks, Donna

http://www.bloomberg.com/apps/news?pid=20603037&sid=aY_JfvCUQzzU

]]> By: JoeTaxpayer http://www.goodfinancialcents.com/can-you-roth-ira-rollover-rules-from-401k/comment-page-1/#comment-3961 JoeTaxpayer Mon, 17 Aug 2009 15:55:09 +0000 http://www.goodfinancialcents.com/?p=6992#comment-3961 One important point - If first rolled into a traditional IRA, the amount then converted to Roth may not be 100% taxable. It becomes pro-rated along with any post tax money that may exist within the IRA. As I've included in many of my posts, regardless of the number of accounts one has, the IRS views you as having one (Traditional) IRA, comprised of pre-tax and , perhaps post-tax money. As always, a great post, Jeff. Joe .-= JoeTaxpayer´s last blog ..<a href="http://feedproxy.google.com/~r/Joetaxpayer/~3/0MkgkxFkeh4/" rel="nofollow">My Blog Reading This Week</a> =-. One important point – If first rolled into a traditional IRA, the amount then converted to Roth may not be 100% taxable. It becomes pro-rated along with any post tax money that may exist within the IRA. As I’ve included in many of my posts, regardless of the number of accounts one has, the IRS views you as having one (Traditional) IRA, comprised of pre-tax and , perhaps post-tax money.
As always, a great post, Jeff.

Joe
JoeTaxpayer´s last blog ..My Blog Reading This Week My ComLuv Profile

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