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URL:  http://boards.fool.com/after-tax-401k-converting-to-roth-ira-12571657.aspx

Subject:  After tax 401k converting to Roth IRA Date:  5/15/2000  12:45 PM
Author:  OrangeInvestor Number:  35635 of 121219

I currently have a ROTH IRA which I have had for a few years.

Several years ago, I left a company where I had contributed AFTER TAX money to a "savings plan", which is pretty much the equivalent to a 401k plan.

When I left the company the investment in the savings plan was so underwater, I decided to leave it there in hopes of regaining my losses.

This strategy has not paid off in 5 years, and does not appear to be successful anytime soon.

The savings plan is currently made up of 40% Money I (employee) paid in, 17% Company matched funds, 43% investment gain.

What I would like to do is Roll this savings plan into my existing ROTH IRA account.
Again, the money I contributed to the savings plan was After-Tax money.

So the question is, can I roll this savings plan into my existing ROTH IRA, and if so, will this incure a taxable event???

FYI: I am about 37 years away from retirment and just want to build up the ROTH IRA rather than rolling the money into my 401K at my current employer, which is 1. Not better than my last company, and 2. Made up of before tax contributions.

Thanks

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