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Subject:  Re: 401(k)/IRA?? Date:  6/25/1999  7:55 PM
Author:  dvige4 Number:  16608 of 121565

I may be wrong about this, but my guess is that if you "reconvert" the Roth IRA to a traditional, you will restore its conduit status (assuming that you haven't tainted it with other contributions). I am certain that reconverting it will erase your tax liability for the conversion, and I am almost certain that you cannot transfer money directly from a Roth IRA to a 401(k). I'll be interested to see better informed answers. --Bob

I contacted my IRA administrator and fortunately was able to cancel the Rollover-to-Roth conversion. The next thing I'll do is fold the money into my new 401k plan! And by the way, Bob, you were right .. it is not possible to transfer money directly from a Roth IRA to a 401k. My strategy was going to be just as you stated above -- reconvert the Roth back to a traditional and see if my 401k plan administrators would then allow me to fold the money into my new 401k acct. But the way it worked out is even better ... needless to say, I'm thrilled that I learned about "conduit" IRAs this week!! In this way, I'll be able to add the Rollover IRA ($1400) to my existing 401K plus fund a new Roth IRA with $2k for 1998. In this way I've gained an addt'l $1400 of tax-free retirement investing in '98 rather than just adding an addt'l $600 to the $1400 within the IRA to bring it to a maximized $2k Roth ...
Believe it or not, you're reading this from someone who new NOTHING about investing (retirment or otherwise) until reading the Motley Fool workbook a few months back ... Thx guys!!
:) David
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