The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Re: I Took A Pension Distribution...||Date: 11/15/2013 12:14 PM|
|Author: Gueuze||Number: 119520 of 125869|
Last year I rolled over an old previous employer 401K started in about 1980. The first couple of years the contributions were after-tax dollars. In about 1984 the option to contribute with pre-tax dollars became available and I changed over. The after-tax portion was shown separately on my statements.
So when I did the roll-over, the pre-tax portion went into a traditional IRA and the after-tax portion (only the contributions, not the earnings on the after-tax part) went into a Roth IRA.
The question to ask is, did you make after-tax contibutions at some point? If so then go Roth IRA.
|Copyright 1996-2017 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|