The Motley Fool Discussion Boards

Previous Page

Investing/Strategies / Retirement Investing

URL:  http://boards.fool.com/to-clarify-things-the-check-i-was-referring-to-14101378.aspx

Subject:  Re: Rollover to Roth Ira Date:  1/12/2001  9:16 PM
Author:  ajrenner Number:  27161 of 75539

To clarify things, the check I was referring to came from my former employer for the total amount in my 401k plan. It was a direct rollover to my bank which offers no fee Ira's. But the check didn't get to the bank until after the Jan. 1 2001. Ihe money is in a traditional IRA at the bank right now and I want to convert that to a Roth. I want to pay the taxes on the conversion on my 2000 income taxes, but the bank said I would have to wait until next year because they didn't recieve the money until after Jan. 1, 2001. I think they are wrong. I hope this clarify's things.
Thanks,
ajrenner
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us