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|Subject: Re: Simple question about 401k-to-IRA conversion||Date: 2/24/2011 2:17 AM|
|Author: chopsueycp||Number: 68534 of 78034|
Will I still be able to take a loan on this money, or does the rollover to the IRA make this impossible?
If I were to instead roll this money over to a ROTH IRA, and pay taxes on the money, is that money considered a ROTH "contribution" and therefore available to me to withdrawal without penalty? Or am I basically completely unable to draw on these funds without penalty?
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